Crypto Market Analysis 6.18 A bamboo cane and straw sandals are lighter than a horse, who is afraid? A raincoat will protect you in the rain. Still bearish
Speculative hot money is turning to AI-related stocks, which is bad for the crypto market, and the overall crypto market continues to fall. Speculative hot money is turning to AI-related stocks, which is bad for the cryptocurrency market. The current US stock market regards every piece of AI news as good news, and given the resulting FOMO, "cryptocurrency has lost its charm."
There is only a certain amount of hot money in the market, and now all of this hot money is invested in the field of artificial intelligence. Until cryptocurrencies can break through some convincing narrative or constructive progress, cryptocurrencies will just trade sideways during this period, waiting for major market shocks. ”
In the last 24 hours, a total of 194,990 people were liquidated, with a total liquidation amount of $486 million. The main liquidation was long orders, and the upper liquidation price continued to be around 66,000 above and around 64,000 below.
Regarding interest rate cuts: Fed official Harker continued to manage expectations, saying that based on his current forecast, he believed that one rate cut this year would be appropriate, which emphasized the signal that interest rates may remain high.
Daily level market
- The last defensive line of the daily level rise is around 63,000-62,000. After yesterday's successful rebound, it continued to fall. The intraday bottom support is around 64,000, and the upper pressure is around 66,500.
4-hour level market
There is a small level of support near the 4-hour bottom of 64,500, and the upper pressure is around 66,000 and 67,000. The upper and lower liquidation market is still in a downward trend.
Intraday level analysis
-----Intraday market Yesterday's short-term game long orders were completed, and intraday longs were more difficult. Above Just pay attention to the pressure near 66,000, and continue to short the rebound. It will take some time to digest the market's decline after the ultimate moment comes. The expectation of wide weekly fluctuations has not changed.
Don't listen to the sound of leaves being blown by the trees, why not hum and walk slowly. A bamboo stick and straw sandals are lighter than a horse, who is afraid? A raincoat will protect you in the rain.
Just get through this difficult moment in the history of encryption safely, and stay calm when encountering things. #美联储何时降息？ #BTC走势分析
