Tonight, waiting for an opportunity to go long
Wash and FOMC are likely to drop first and then pump, or just pump straight away
$BTC
$XAU
Wash and FOMC are likely to drop first and then pump, or just pump straight away
$BTC
$XAU
Post
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灯塔说
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June 17 Crypto Market Recap
Yesterday's recap highlighted BTC bouncing back from around 60K, primarily driven by a risk appetite recovery, which is a short-term bullish signal, but not yet a strong trend confirmation or trend reversal.
In terms of capital flow:
BTC ETF just wrapped up a stretch of 13 consecutive trading days of outflows at the beginning of June, with a total redemption exceeding $4.4 billion.
Recently, although there was a net inflow of about $85.9 million on June 12, there was another net outflow of approximately $64.8 million on June 15, and June 16 also saw a slight outflow.
ETH ETF had a net inflow of about $22.5 million on June 15, but then turned into a net outflow of about $7.7 million on June 16.
This indicates that institutional capital in the circle has not yet formed a continuous strong replenishment.
Strategy recently purchased 1,587 BTC, with an average price of around $63,024, bringing total holdings to about 846,842 BTC.
This slightly improved the market sentiment previously given.
Tonight, keep an eye on the FOMC at 2 AM and the speech debut by Waller at 2:30 AM.
Technical Analysis: 65K-67.2K is the current core battleground.
$BTC is currently around 65.8K. This level is neither a low-risk zone nor a confirmation zone after a breakout, but rather a mid-range pressure point entering the previous downtrend structure.
Key resistance above is at 66.4K-67.2K.
This is the area where short-term spikes have failed multiple times and also where buyer liquidity has accumulated. Only by reclaiming above 67.2K and stabilizing on the 1H, can BTC regain short-term control.
Key support below is at 65K-65.3K, and further down at 64.2K-64.7K.
Currently, the liquidation zone below is quite dense, and the price might first sweep down to take out late longs and short-term stop losses before seeing if it can pull back up.
On the 4H level, BTC has rebounded from 58K-60K up to above 67K, confirming the recovery.
However, there are still supply zones left from the previous downtrend at 68K, 69K, and 70K. Only by reclaiming above 68.5K-69K will the quality of the daily rebound significantly improve.
Summary:
BTC is watching the FOMC meeting tonight, with short-term contention still in the 65K-67.2K range.
If it breaks above 67.2K, short-term strength will resume; holding above 64.2K-65K is a healthy pullback;
If it drops below and accepts volume under 64.2K, we need to guard against this rebound turning into a secondary distribution.
Yesterday's recap highlighted BTC bouncing back from around 60K, primarily driven by a risk appetite recovery, which is a short-term bullish signal, but not yet a strong trend confirmation or trend reversal.
In terms of capital flow:
BTC ETF just wrapped up a stretch of 13 consecutive trading days of outflows at the beginning of June, with a total redemption exceeding $4.4 billion.
Recently, although there was a net inflow of about $85.9 million on June 12, there was another net outflow of approximately $64.8 million on June 15, and June 16 also saw a slight outflow.
ETH ETF had a net inflow of about $22.5 million on June 15, but then turned into a net outflow of about $7.7 million on June 16.
This indicates that institutional capital in the circle has not yet formed a continuous strong replenishment.
Strategy recently purchased 1,587 BTC, with an average price of around $63,024, bringing total holdings to about 846,842 BTC.
This slightly improved the market sentiment previously given.
Tonight, keep an eye on the FOMC at 2 AM and the speech debut by Waller at 2:30 AM.
Technical Analysis: 65K-67.2K is the current core battleground.
$BTC is currently around 65.8K. This level is neither a low-risk zone nor a confirmation zone after a breakout, but rather a mid-range pressure point entering the previous downtrend structure.
Key resistance above is at 66.4K-67.2K.
This is the area where short-term spikes have failed multiple times and also where buyer liquidity has accumulated. Only by reclaiming above 67.2K and stabilizing on the 1H, can BTC regain short-term control.
Key support below is at 65K-65.3K, and further down at 64.2K-64.7K.
Currently, the liquidation zone below is quite dense, and the price might first sweep down to take out late longs and short-term stop losses before seeing if it can pull back up.
On the 4H level, BTC has rebounded from 58K-60K up to above 67K, confirming the recovery.
However, there are still supply zones left from the previous downtrend at 68K, 69K, and 70K. Only by reclaiming above 68.5K-69K will the quality of the daily rebound significantly improve.
Summary:
BTC is watching the FOMC meeting tonight, with short-term contention still in the 65K-67.2K range.
If it breaks above 67.2K, short-term strength will resume; holding above 64.2K-65K is a healthy pullback;
If it drops below and accepts volume under 64.2K, we need to guard against this rebound turning into a secondary distribution.