6.18 Morning Thought Analysis and Trading Suggestions

Thought Analysis and Forecast:
From last night to early morning, both Bitcoin and altcoins experienced a quick dip followed by stabilization and recovery. Bitcoin continued to decline from around 66,400, reaching a low of 63,881 before showing clear support, then oscillated and rebounded to around 64,600; altcoins fell from about 1,795 to 1,724 and gradually recovered above 1,750. Overall, the bearish momentum released significantly overnight, and market panic sentiment has eased.

In terms of capital flow, some bottom-fishing funds entered at low levels, with large on-chain transfers and ETF fund movements remaining stable overall, without obvious negative shocks. Technically, Bitcoin’s 30-minute MACD is beginning to converge, the KDJ has formed a golden cross at low levels, and RSI is rebounding from oversold territory; altcoins also completed short-term bottoming structures, with support around 1720.

On the news front, the market is still waiting for the Federal Reserve’s interest rate path and subsequent economic data guidance. Middle East tensions remain in focus but have not further escalated. Currently, market risk appetite has somewhat recovered compared to the previous day, and funds remain cautious, but signs of support at low levels are gradually strengthening.

Overall, after the rapid dip overnight, support around 63,800 for Bitcoin and 1,720 for altcoins has been validated. The short-term trend is entering a recovery phase, and attention should be paid to whether subsequent funds can further sustain the rebound.

Trading Suggestions:
Buy on dips around 63,000-63,500 for Bitcoin, targeting 65,600 and 66,600.
Buy on dips around 1,700-1,720 for altcoins, targeting 1,780, 1,800, and 1,850. #STRC跌破面值11%创上市新低 $BTC $ETH