June 23rd Cryptocurrency Market Morning Brief: Hawkish Expectations Suppress the Market, SOL Rebounds and Fluctuates at Low Levels

1. Major Macro Market Overview
The Federal Reserve's hawkish rate hike expectations persist, market risk appetite remains low, and the Fear & Greed Index falls into the extreme fear zone.
Bitcoin's current price is 64,386 USD, and Ethereum's price is 1,736 USD, with the two main cryptocurrencies trading narrowly back and forth; US spot Bitcoin continues to see large net outflows, institutional funds are clearly withdrawing, and new capital inflows are weak.
2. SOL Market Analysis
SOL perpetual contract current price is 71.73 USD, down slightly by 0.31% during the day, after dropping from a single-sided move up to 74.97 USD to a low of 71.24 USD with a slight rebound.
The price is closely following the lower Bollinger Band, with slight weakening of bullish momentum, but heavy resistance at 72.30 and 73.00 due to trapped sellers; on-chain data remains stable, funds continue to flee altcoins, making rebounds difficult.
3. Overall Network Fund Data
In the past 24 hours, total network contract trading volume reached 117 million USD, with frequent double-sided liquidations; institutions are increasing holdings of Bitcoin put options, indicating a strong market hedging sentiment against declines.
4. Short-term Market Outlook
The major market remains in a range-bound oscillation in the short term, awaiting the Federal Reserve's evening data to guide the direction.
Key support for SOL is at 71.24 USD; if broken, the next target is 70 USD; do not blindly buy the dip before volume confirms a break above the middle Bollinger Band; rebound resistance can be tested with light short positions, and all trades should have strict stop-loss settings. #BTC