June 18 Thursday BTC Morning Outlook

In the early hours, the Federal Reserve maintained high interest rates as expected, which fully aligned with market expectations, with no surprise tightening. Short-term panic selling pressure was released, and the market saw a slight stabilization with sideways fluctuations. However, no signals of rate cuts or easing were issued from the policy side. The US dollar and US Treasury yields remain high, and the long-term liquidity pressure on non-yield digital assets has not been alleviated. This slight rebound is merely a technical correction following the news, with no basis for a trend reversal.
The technical chart remains generally weak, with the daily price continuously under pressure from medium- and long-term moving averages. The four-hour cycle moving averages are in a bearish alignment. During the rebound phase, trading volume continues to shrink, indicating insufficient bullish momentum. Short-term support is concentrated around 64,800-65,000, with a key defense level at 63,500. If the price breaks below this level, the downside space will open again. Short-term resistance is at 66,500-66,800, compounded by moving averages and the previous jump-off point, making it easy for the price to encounter resistance and fall back. Medium- and long-term strong resistance remains at 71,132.
Trading suggestion: look for a rebound at 64,500-65,000, with a target of 63,500; if broken, target $BTC 62,500.