6.18 Morning Bitcoin Market Analysis

The price moved up in the early hours, just before the Federal Reserve decision, reaching around 66,400, giving us the opportunity to exit Dodo. Subsequently, the market was mostly in a wait-and-see state, waiting for the Fed decision to conclude. From the current results, the new Fed Chair Powell's first appearance appears to be hawkish. Coupled with weak liquidity, market panic sentiment has not been effectively alleviated. This makes the previously observed impact of the US-Iran situation less significant now. Simply put, the overall market environment is currently leaning towards a risk-off stance. I also briefly reminded everyone in the late hours to watch for pullbacks, with Bitcoin's recent low at 63,881, and Ethereum at 1,724.

Since the risk-off atmosphere is now quite strong, our strategy must also shift accordingly. Although Bitcoin remains near the middle band on the daily chart, there are faint signs of being suppressed downward by the middle band. On the 4-hour chart, after the hawkish momentum was concentrated and released in the early hours, the current momentum is still pushing upward, and the KDJ indicator is also in the oversold area. Even if there is a need for a rebound correction, it will be difficult to generate a strong rebound in this environment. For Bitcoin to mount a counterattack, it must first stabilize around 65,000, which could then support a new effective offensive. Therefore, the intraday rebound resistance range is initially seen at 64,800-65,300. If the rebound is weak, it’s better to follow the downward trend and watch the 63,000 level. The Ethereum pullback is relatively weak, so focus on the 1770-1790 resistance zone, and if it breaks below, watch the 1700 level. #沃什首秀美联储利率不变 $BTC