June 18, Thursday BTC Afternoon Outlook

In the early morning, the Federal Reserve keeping interest rates high as expected, but the chairman's press conference language was clearly hawkish, raising inflation expectations and delaying the timing of rate cuts. The dollar and U.S. Treasury yields moved higher in sync, increasing the holding costs of interest-free cryptocurrencies. Market risk appetite quickly declined, and after reaching a high of 66,400, BTC faced concentrated selling pressure, quickly falling back to around 64,500 with narrow fluctuations.
Technically, the bearish structure is complete, with the daily price continuously under pressure from the MA20 and MA50 medium- and long-term moving averages, with rebound highs gradually declining; the four-hour moving averages are in a bearish arrangement, and the MACD remains in a death cross, indicating that downward momentum has not been fully released. Key levels for the day are clear: strong resistance at 66,500-66,800, which is an area of moving average resistance combined with previous sharp drop points, with selling pressure concentrated at this level; short-term support at 64,800-65,000, with a core defensive level at 63,500. Once the price breaks below this level, a new round of decline could open, targeting the 62,000 range.
Trading suggestion: look for a range of 64,500-65,000, with a target of 63,500; if broken, target 62,500; if not broken, consider $BTC reversing position.