The Federal Reserve (FED) decision is coming in strong, beware of short positions making a strong push! 6.18 BTC ETH strategy

At 2 AM the next day, the Federal Reserve will announce its decision, and at 2:30 PM, Powell will hold a press conference on monetary policy. The market expects a high probability that the Federal Reserve will remain unchanged this time, and it depends on Powell's attitude to influence the trend of cryptocurrency prices! Currently, the situation in the Middle East is becoming increasingly tense, and Trump is clearly leaning towards Israel. Trump issued a statement demanding the unconditional surrender of Iran and warned that there could be strikes against Iranian leaders. So far, it appears that Iran has no intention of backing down. The escalating tensions have caused short positions to retreat, and yesterday's short positions yielded good results, so let's keep up and profit!

The daily line has closed with long upper shadows for two consecutive days. Although funds continue to flow into the ETF market, geopolitical risks have intensified, and the price of cryptocurrencies has not shown a rebound strength. The daily closing still looks bearish, so for intra-day operations, Conan suggests focusing on short positions during rebounds. The resistance levels to watch above are 106200, 107700, 109000, and 110000, while the support levels to pay attention to below are 104000, 103000, 102000, 101000, and 100000.

6.18 BTC trading strategy: Enter short positions on intraday rebounds at 105500-105800, for conservative traders at 106200-106500, with a stop-loss around 107000. Target levels are 105000-104500-104000-103000, and if broken, look for 102500-102000. If it continues to break down, hold based on the situation!

6.18 ETH trading strategy: Aggressive traders short around 2550 on a rebound, conservative traders enter at 2580-2610, with a stop loss near 2650, aiming for 2500-2470-2450, and if it breaks, looking at 2430-2400; continue holding if it breaks, depending on the situation!

Long Position Strategy: During the day, buy one BTC at the pullback of 102500-103000, with a stop loss at 102000, and aim for targets around 104000-104500-105000. Hold if it breaks through, depending on the situation!

Open a position for ETH in the range of 2400-2430, with defense around 2380, targeting around 2450-2480-2500-2530. Adjust the stop loss based on the situation if it breaks out!

The midnight cryptocurrency price has slightly rebounded, with the given long position points only differing by a little. Short positions have made a big profit, and the long position points can also provide some benefits. If The Federal Reserve (FED) does not cut interest rates, the rebound in cryptocurrency prices will be limited. Additionally, with the international situation not being favorable, funds may lean more towards the gold and oil markets. Everyone, please pay attention to the risks! #Gate最新储备金104.53亿美元创安全新标杆