$GT June 19 BTC/ETH Market Morning Report--Good news turns into bad news, rebound is an excellent opportunity for shorting

Today is Dragon Boat Festival, wishing everyone a healthy Dragon Boat Festival. This week, Bitcoin was shorted at 66,800, 66,900, and then at the current price of 66,300, Ethereum at 1,820, 1,830, and 1,795. The lowest touched yesterday was around 62,200 and 1,670, perfectly reaching profit-taking targets. Those who should reduce their positions have already done so. Remaining small positions should continue to hold and seek greater profit potential! The intraday strategy remains mainly to short at high levels.
The current market is just a oversold weak correction, not a reversal into a bull market. Rebounds to 63,800-64,300 may encounter selling pressure from trapped positions. If the price drops below the EMA55 (64,500) and MACD shows a death cross, with the daily and four-hour charts showing all 21/55/144 moving averages in a bearish alignment, the bearish structure is complete. Do not blindly buy the dip!
The highly anticipated US-Iran peace agreement was officially signed today. However, this major geopolitical risk did not boost the market; instead, it became a selling window for "selling the news," wiping out all the gains caused by peace rumors.
The Federal Reserve's June interest rate meeting kept rates unchanged, but the dot plot signaled a highly hawkish stance—9 officials expect at least one more rate hike before 2026. The market is pricing in a full-year "no rate cuts" expectation, with the possibility of rate hikes by year-end. In a high-interest-rate environment, the appeal of crypto assets continues to decline, with institutions reducing long-term positions for risk aversion, exerting ongoing downward pressure.
Based on the above, intraday trading should focus on resistance around 63,900-64,500-65,500, with support levels at 62,200-60,000-59,200-57,800-53,000.
Ethereum resistance is around 1,738-1,755-1,780, with support at 1,680-1,635-1,580-1,510-1,440.
All these levels should be traded lightly. Once targets are reached, reduce positions promptly and seek new opportunities. When prices reach key levels later, I will update new strategies!