6.17 Evening Bitcoin Market 🍜 Market Outlook

4-hour cycle remains under continuous pressure at high levels, after a previous surge to 66,956.7 topped out, bullish momentum quickly exhausted, candlestick charts continue to close lower in a stepwise fashion, retreating to around 64,971 with sideways oscillation.
Tonight's Federal Reserve data carries extremely high uncertainty, with increased risk aversion among funds, market volatility will be amplified, high-level bulls are unable to sustain, and the overall short-term trend is biased downward.
Resistance levels: 65,300–65,500, 65,800 (only a breakout will reverse the short-term bearish trend)
Support levels: 64,600, 64,520
Trading Suggestions:
1. During the rebound in the 65,300–65,500 range, gradually open short positions, stop loss at 65,750, first target at 64,700, if broken, then target 64,500;
2. Do not aggressively chase longs, only consider small short-term longs if the price dips and stabilizes below 64,500, with a target of 65,100 and stop loss at 64,400.

Tonight's Federal Reserve-related data will directly impact the US dollar trend, and cryptocurrency volatility will significantly increase:
1. Hawkish data: US dollar strengthens, Bitcoin will continue to decline, and short profit margins will expand;
2. Dovish data: Short-term rebound will occur quickly, viewed only as a short-term correction, not changing the overall high-pressure trend;
3. Risk control requirements: Reduce position sizes during news-driven market moves, strictly set stop losses, avoid heavy positions, and prevent sudden liquidations. $BTC $ETH