🚨 $BTC Market Update
Bitcoin has pushed above $64K and is now approaching the first major resistance zone near $65K.
For those who entered around $60K, this is a good area to secure partial profits. I'm personally closing 50% of my position here and holding the remaining 50% in case momentum continues higher.
If $BTC can achieve a strong daily close above $64,500, the next upside target remains around $67K. While I may take full profits near the next resistance level, I'd rather reduce exposure early than take unnecessary risk at a key resistance zone.
At the moment, I'm staying away from leverage. The market is extremely choppy and has been aggressively liquidating both long and short positions. Capital preservation is more important than chasing trades.
The same approach applies to $ETH and $SOL positions. Today's price action suggests liquidity is rotating from altcoins into Bitcoin.
Congratulations to everyone who caught the recent move.
Missed the entry?
No need to panic. I'm still expecting a significant correction ahead.
Several potential catalysts could increase volatility this week. A possible BOJ rate hike around June 16 to 17 could pressure risk assets, as similar events have triggered sharp market selloffs in the past. CPI data continues to suggest that rate cuts may not arrive as quickly as many traders expect. On top of that, Q3 has historically been a weaker period for crypto markets.
For that reason, I would avoid FOMO buying at current levels.
My spot DCA ladder remains placed at:
$60K • $58K • $54K • $52K • $50K • $47K
Altcoin longs are particularly risky right now. Microcap dominance continues to weaken while liquidity concentrates in Bitcoin and other major narratives. The only exceptions are rare high conviction setups, such as $TRUMP, which continues to benefit from event-driven attention surrounding Trump's June 14 birthday narrative.
Geopolitical developments are also supporting Bitcoin in the short term. If confirmation of a war-ending agreement emerges, BTC could accelerate toward the $68K region faster