BTC trend analysis on June 14, 2024

Yesterday's negative line showed an engulfing pattern, and this K-line closed below 67,000. From the 4H point of view, there is still a phenomenon of breaking through to confirm that 67,000 has changed from support to resistance. Today's trend is likely to continue to fall. The lower support is around 65,500 and 65,100. Today's personal operation is shorting. Although both CPI and PPI are lower than expected this time, the chairman of the Federal Reserve is hawkish, saying that there may be only one interest rate cut this year or no interest rate cut. They need to see inflation return to around 2% before considering a rate cut. As soon as the news came out, BTC pulled back by about 5% and fell below the grid trend. For reference, investment is risky and you need to be cautious when entering the market