June 19 BTC/ETH Miken Strategy

Today is Dragon Boat Festival. Wishing all readers a healthy and peaceful Dragon Boat Festival. Keep a good rhythm during the holiday.
The news scene is quite lively today. The most noteworthy is that tomorrow, June 19, marks the largest-scale expiration of S&P 500 index options in history, with open interest exceeding $5.1 trillion. Analysis indicates that traders are currently in a neutral gamma position, and hedging liquidity may not provide the support it once did. Market volatility faces the risk of amplification. Be extra cautious during this window. Additionally, Vance has a news conference tonight at 11 PM Beijing time, content unknown, watch for any new statements regarding the US-Iran situation. On-chain, ETH's largest short position "pension-usdt.eth" has begun taking profits and reducing positions, with total liquidations exceeding $20 million. The retreat of the big short itself is a signal worth noting.

BTC: After breaking through all three major resistance levels, Bitcoin has fallen back again. This situation is clearly marked in the chart. Breaking through is easy, holding is the real skill. Currently, from the high of 67,149, it has turned downward, with the three major resistance zones broken sequentially. The current price hovers around 62,888. The significance of this level is critical. Originally, it was the first resistance zone; after breaking through, it became support. Now that support is lost again, indicating that the correction strength is insufficient and needs re-confirmation. Do not chase on operations; wait for right-side signals. Last week’s starting platform at 62,888-64,100 is the bottom line that must be defended. Yesterday’s tweet suggested a needle insertion to catch the bottom, but in reality, the move down to 62,300 had the meaning of a needle insertion. However, the actual recovery effect was not very ideal. Let’s see if it can return to the first resistance zone today. Once confirmed as a recovery, consider entering on the right side. Currently, the long positions added are all based on 62,300 as the defense level. The upper boundary of the three resistance zones is the nearest resistance. Try shorting near here; if it breaks above the upper boundary, exit and wait for the next attempt. (See chart for details)

ETH: The pie chart annotation is very precise. After a quick rebound from the consolidation zone around 1,669, the technical validity is reaffirmed. Congratulations to those who kept up with the rhythm. Currently, it rebounds to around 1,714-1,732, a small platform area. This is a previous acceleration consolidation platform; whether it can hold is crucial for the near term. The area of trapped positions from early June at 1,772-1,796 remains a resistance. Further up, 1,859-1,909-1,965-2,038 are very strong resistance zones. Overcoming this area is a heavy task for the correction. In terms of operation, holding at 1,714-1,732 is a good entry point for a correction, with 1,669 as the stop-loss. Ideally, the main correction zone at 1,607-1,639 should not be touched again. If it does reach this level, use 1,607 as the stop-loss, playing the last resistance of the correction camp. For a high-altitude attempt, look for the nearest solid line support level. (See chart for details) #沃什首秀美联储利率不变 $ETH