June 18 Bitcoin Daily Analysis



Influenced by last night's Federal Reserve decision and Waller's hawkish speech, market rate hike expectations have been delayed, risk assets are under pressure and declining, and Bitcoin has been continuously falling from the high of 1809. The overall bearish trend has been established, and yesterday evening's rally was only a false rebound in the downward process designed to lure in buyers.

After the price bottomed at 1724 and then rebounded, it was merely a technical correction after an oversold condition, with the bearish moving averages still firmly suppressing the price, showing no signs of reversing upward. Currently, the price is trading in the 1756‑1760 range.
A rebound to 1770 could be a good point to establish short positions, with the first target at 1724. Additionally, macro-level bearish sentiment has not dissipated; this rebound is just a dividend for bears to enter the market. #沃什首秀美联储利率不变 $ETH
ETH-3.44%
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