Before yesterday, when BTC was below -2 degrees, we discussed the BTC resistance at 63,800 and the ETH resistance at 1,720. The drop from last night to today has eased a bit. If it reaches the short-entry level, then move up to the next resistance level. For now, this is a rebound short-selling market.**



Next Friday (6.26), there will be 10.6 billion in high open-interest options expiring for settlement; this is the calm before the storm.

**BTC:**

Shorts: 64,150 and 64,650, take profit at 63,666–63,386. Defense at 64,680.

Short buys: Long near 62,855–62,666, take profit at 63,500, 63,750, and 64,050. Defense at 62,300. Don’t take it if it doesn’t get there.

**ETH:**

Shorts: 1,748 and 1,762; take profit on the pullback at 1,723–1,712. Defense at 1,771.

Short buys: Long in the buffer zone of 1,672–1,660; defense at 1,641. Don’t take it if it doesn’t get there.
BTC1.28%
ETH1.49%
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