June 18 BTC/ETH Market Morning Report—Vosh Turns Hawkish, Can We Still Continue to Buy the Dip?

In the early hours, the newly appointed chair, Vosh, completely removed from the statement all wording that hinted at an easing bias and forward guidance implying rate cuts, and clearly stated, “I can’t tell you what we’ll do next.” This marks the Fed’s stance shifting from a “dovish wait-and-see” mode to a “hawkish” stance, with market reactions also being relatively swift. Bitcoin, after falling from around 66,400 at the highs all the way to around 63,880 this morning; after Ethereum’s peak touched around 1,795 before dropping to around 1,724—our high-altitude thesis was perfectly fulfilled!

Our short positions at the current price of 66,300 mentioned in our article last night also successfully completed the second target at 64,000 as expected. The Ethereum short at 1,795 also completed the target. It is recommended that everyone promptly reduce positions and then continue holding. Today’s thinking remains the high-altitude approach.

On the daily level, the 21/55/144-day moving averages are arranged in a bearish order. In the short term, the 21-day moving average around 66,500 is acting as resistance; currently, the price has already broken below the middle band of the Bollinger Bands. In the attached indicator, the KDJ has formed a death cross and is spreading downward. On the four smaller timeframes, the MACD fast and slow lines have formed a death cross and are extending downward. The red energy bars are increasing volume and dipping below the zero line. On the larger cycle, bearish conditions still dominate; it is recommended that you continue with a high-altitude short setup on rebounds toward resistance.

For Bitcoin, resistance is seen around 65,555–66,000, as well as the current price near the EMA55 daily moving average around 64,800. Targets to watch on the downside are 63,900 (the previous extension line at 0.618)–63,200–62,200–the 60,000 psychological level–around 59,666.

For Ethereum, resistance is seen above (1,788–1,800) up to around 1,820. Targets to watch on the downside are around 1,740–1,675–1,635, and also around 1,575–1,510.

Note: focus on light positions for the points above. If you can get a chance to enter the market next time, go in with a light position to participate. If you can’t, hold the high-position short from yesterday and keep looking lower. Everyone, interact more—give a like or bubble up—so I know you and I are together! We can adjust our strategy in time. Wishing everyone a smooth trading day!
#我的Gate交易时刻 #沃什首秀美联储利率不变 #预测世界杯英格兰VS克罗地亚