June 19 BTC/ETH Market Morning Report—Good News Turns into Bad News, Rebound Is an Excellent Opportunity to Short

Today is Dragon Boat Festival. Wishing everyone a peaceful Dragon Boat Festival. This week, Bitcoin dropped from highs of 66,800 and 66,900 to the current price around 66,300, and Ethereum from 1,820 and 1,830 down to 1,795. Yesterday’s lows reached around 62,200 and 1,670, perfectly hitting profit-taking targets. Those who need to reduce their positions should do so now. Remaining small positions can continue to hold and seek larger profit opportunities! The intraday strategy remains focused on shorting from higher levels.
Currently, the market is just a weak correction from oversold conditions, not a reversal into a bull market. A rebound 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 moving averages (21/55/144) 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 opportunity, wiping out all previous gains driven by peace rumors.
The Federal Reserve’s June interest rate meeting kept rates unchanged, but the dot plot signaled a highly hawkish stance—nine officials expect at least one more rate hike before 2026. The market is pricing in zero rate cuts for the year, 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 holdings to hedge risks, 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.
For Ethereum, watch resistance around 1,738–1,755–1,780, with support at 1,680–1,635–1,580–1,510–1,440.
All levels should be approached with small positions. Once targets are reached, reduce positions promptly before seeking new opportunities. I will update new strategies as prices reach key levels!
#我的Gate交易时刻 #沃什首秀美联储利率不变 #预测世界杯巴西VS海地