2026-6-18

Today is June 18th, and the crypto market hasn't offered any "discount" prices😂···Last night's short-term market activity was quite lively, making it suitable for intraday trading, buy in high, sell low, then go long again, waiting for the expectation that the US and Iran will officially sign the memorandum on Friday to take another bite···I'm not an intraday trader, so I won't take this move··
The resistance zone above has dropped to 64,850-65,300. If the rebound continues to fall back, the support levels are 63,750-63,844 and 63,444. The starting point of the four-hour correction is around 62,800. The first time reaching here, there will still be a rebound.
The USD/JPY exchange rate continues to decline, the NK225 trend is steady, and no large-scale yen carry trade liquidations have been seen. The current downward price movement is not directly related to Japanese rate hikes. The night of the 21st shows no bearish decline, and on the 22nd, the anticipated "sharp spike" market may not occur. But this doesn't affect the normal "weakening" of crypto from June to August.
As the September correction approaches, positions can be moderately increased, and the exit time should be pushed further back. The corrections in June and July, which I don't want to turn into oversold rebounds, can only involve shorting at high levels. But if August provides a deep correction, it's best to buy spot or hold low-leverage contracts without moving.
Going to bed early means you can wake up early, haha···The Dragon Boat Festival is coming soon. I bought some local hairy crabs. It's cheaper to buy now; in a few days, the price is likely to rise.

From - The best mentor for newcomers: Fat Cat