6.19 Morning Market Outlook

Good morning! Wishing everyone a peaceful Dragon Boat Festival! Let’s take a look at the market. Last night, the market dipped to around the 62,200 area and then rebounded slightly to consolidate. The short-term rebound is only a brief pause during the ongoing drop; the overall bearish direction has never changed. Previously, every rebound was merely setting up the groundwork for a decline and heading lower.

At present, it’s trading around 62,800. There is a modest intraday consolidation and recovery. Near-term, the upside is capped in the 63,700–64,200 range. On the downside, the first key support is the 62,240 low; a break below will keep the downward pace going. The Federal Reserve’s hawkish tone continues to weigh on the market. At this stage, the approach is still to rebound and look for setups—not to blindly bottom-fish at low levels.

Trading plan

A light add-on can be considered if the short-term rebound reaches and tests the 63,700–64,200 resistance zone, with the initial target at the 62,240 low. If it breaks down, follow the move lower to even lower levels. If the rebound holds and stabilizes above 64,500, then temporarily adjust the thinking. Strictly control position size and do a solid job of risk management. $BTC $ETH #沃什首秀美联储利率不变