Daily Cryptocurrency Analysis: Bitcoin (BTC)



Market Performance and Analysis:

According to the latest data as of June 18, 2026, Bitcoin (BTC) experienced a "hawkish shock" risk-off correction after the Federal Reserve's (Fed) highly significant FOMC interest rate decision yesterday.

Price Dynamics: Currently trading between $64,103 and $65,800 (approximately 2.03M–2.05M TWD). After the Fed signaled the possibility of additional rate hikes within 2026, the price retreated from the high of $66,315, erasing gains from earlier geopolitical (U.S.-Iran easing) developments.

Technical Outlook: In the short term, the market is strongly testing the critical bullish support at $64,000, where a large number of high-leverage long positions are accumulated. If it can hold above this level, resistance is seen at $66,000, with a breakout potentially triggering short covering and challenging $68,000–$69,000; conversely, if it fails to hold the $64,000 level, the market may further decline to retest the early June low of $60,000. Currently, the fear and greed index has fallen to 23, entering the "extreme fear" zone of this cycle.

Major Positive News and Macro Effects:

SpaceX IPO Capital Outflows and Holdings Effect: Elon Musk's SpaceX officially completed the largest IPO in history on June 12 on Nasdaq, with a first-day market cap soaring to $2.5 trillion. According to CoinDesk, SpaceX's balance sheet holds 18,712 BTC (worth about $1.29 billion), and its dedicated ETF saw an astonishing $3 billion in trading volume on the second day of listing. Although the IPO temporarily diverted funds from the crypto market (capital outflows), in the long term, institutionalized BTC holdings in corporate treasuries have become an irreversible trend.

Institutional and Whale Accumulation on Dips: Despite slight net outflows in traditional spot ETFs recently, entities like MicroStrategy and others are actively adjusting their balance sheets during market corrections. Long-term advocates (such as Robert Kiyosaki) reaffirm their $250,000 long-term target, indicating that smart money continues to systematically accumulate in the face of extreme fear.

Disclaimer: For reference only, not investment advice.

#Bitcoin #BTC
BTC-2.30%
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