June 18th Afternoon Analysis

Yesterday $BTC did exactly what Yifan expected, making a false breakout to 66,000, then falling back below 66,000. Yifan also decisively took a short position, currently holding 1,500 contracts. On the macro level, the Federal Reserve's hawkish tone continues, the US dollar remains strong, and risk assets are under overall pressure. Traditional funds' risk-averse sentiment is heating up, and the crypto market is not immune.
In the market, Bitcoin experienced a net outflow of nearly $100 million today, with the bearish dominance unchanged. The price is close to the lower Bollinger Band, with a rebound limited by the 65,600 middle band resistance. Although the KDJ's J value is as low as 9.5, weakness and dulling are common in oversold conditions, which do not necessarily indicate a bottom. If the support at 63,660 is broken with increased volume, the downward space will open up, possibly further testing the 63,000 level.
Yifan personally suggests short-term waiting in the 65,000-65,600 range for a rebound to face resistance and short, targeting 63,800-63,000. For the second target: around 1,760-1,795, with a goal of 1,720-1,680. Conversely, if the price stabilizes, a light long position can be attempted.