6.21 Sunday BTC Morning Outlook


The Federal Reserve's hawkish expectations continue to suppress the market, with US bonds and the dollar trading at high levels. Spot funds are continuously flowing out, and the rebound is only a short covering correction with no reversal momentum. This week's US economic data will increase volatility.
The daily technical chart shows a complete bearish structure, with the rebound lacking volume and facing pressure. Resistance is at 66,500-66,800, short-term support at 64,800, and key defense at 63,500.
Intraday, the trend is mainly a pullback after a rise; avoid chasing longs. If encountering resistance during the rebound, consider looking for short opportunities. Use light positions to handle wide fluctuations caused by data.
Trading suggestion: look for short opportunities at 648-653, target 635; if broken, $BTC expect to see 625.
BTC1.49%
ETH1.75%
SOL5.23%
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