June 20th BTC/ETH Market Evening Report -- The ceasefire order prompts a rally, will it give the bears a chance to catch their breath?

Tonight, according to Israeli media reports, Israeli Prime Minister Netanyahu ordered a ceasefire in Lebanon. The market reacted instantly, with Bitcoin and Ethereum rising accordingly, but the uncertainty of the ceasefire remains very high. Israeli officials also stated that "the IDF will not immediately withdraw from southern Lebanon at this stage." Previously, the ceasefire agreement had been violated multiple times — since the temporary ceasefire began in April, conflicts have continued; on June 17th, Israel was accused of "multiple violations of the ceasefire agreement." Whether this ceasefire can truly be implemented remains uncertain.

As for the Bitcoin short positions around 63,900–64,500 and Ethereum shorts around 1,738–1,755 that we mentioned yesterday, all have entered today. I believe that before the Federal Reserve clearly signals a dovish stance, any rebound should be viewed as a technical correction rather than a trend reversal (the probability of rate hikes this year is still high, and major negative factors are still on the way). So, it’s best to hold patiently and observe as we go! Now, let’s discuss:

For those who did not enter positions according to yesterday’s article, here are today’s operational ideas (more conservative entry points):

Currently, according to the “Jiang Feng Trend Tracking Strategy” indicator, the Bitcoin short around 71,400 has achieved its first target of 60,300. The remaining second target of 54,000 and third target of 47,700 still need testing. From the market perspective, the large-scale downtrend has not changed, and the moving averages are clearly in a bearish alignment, so I believe there’s no need to panic about the shorts entered!

The specific conservative strategy is as follows: (those who entered yesterday’s strategy can continue to hold; tonight’s strategy may not necessarily trigger an entry)

Bitcoin: Watch for resistance around 65,400–65,900–66,300, with targets focusing on support levels at 63,900–63,200–62,200–60,400 and 59,800–59,300–58,400.

Ethereum: Watch for resistance around 1,780–1,820–1,905, with targets focusing on support levels at 1,680–1,640–1,580–1,510 and around 1,444.

Note that the above entry points may not necessarily present opportunities to enter; everyone should hold the points from yesterday’s article. Tonight’s strategy is just to prepare for unexpected situations! All these levels include a spread of about ±100 points for Bitcoin and ±5 points for Ethereum. Recently, the key is to participate with a #我的Gate交易时刻 light position!