2026.6.21 #btc
Today marks the close of the third week of June, and the weekly chart still shows signs of a bottoming pattern. The daily chart has room for adjustment in both space and time. On the 15-minute, 8-hour, and 12-hour charts, we’re still in an upward cycle, while the other intraday cycles are in a downtrend. The Fed's hawkish stance on June 17 suggests a potential rate hike in 2026, putting overall pressure on risk assets. Mining costs are around $78,000, significantly higher than the current coin price, which may lead miners to face losses and trigger sell-offs. In the past 24 hours, approximately $600 million in long contracts have been liquidated, indicating potential for sharp short-term volatility.
Bitcoin: Range-bound oscillation. Today may see a rise followed by a drop. Both bulls and bears have opportunities, but there’s no clear trend at the moment, and the cycles are not uniform, so it's prudent to wait for significant market moves before making a play. The volatility range may widen, and sudden spikes or drops will clearly reflect liquidity issues. The market can be highly volatile due to various news distractions.
Support: 63200-63700, 62000-62500; Resistance: 64600-65000, 65600-66200
Today marks the close of the third week of June, and the weekly chart still shows signs of a bottoming pattern. The daily chart has room for adjustment in both space and time. On the 15-minute, 8-hour, and 12-hour charts, we’re still in an upward cycle, while the other intraday cycles are in a downtrend. The Fed's hawkish stance on June 17 suggests a potential rate hike in 2026, putting overall pressure on risk assets. Mining costs are around $78,000, significantly higher than the current coin price, which may lead miners to face losses and trigger sell-offs. In the past 24 hours, approximately $600 million in long contracts have been liquidated, indicating potential for sharp short-term volatility.
Bitcoin: Range-bound oscillation. Today may see a rise followed by a drop. Both bulls and bears have opportunities, but there’s no clear trend at the moment, and the cycles are not uniform, so it's prudent to wait for significant market moves before making a play. The volatility range may widen, and sudden spikes or drops will clearly reflect liquidity issues. The market can be highly volatile due to various news distractions.
Support: 63200-63700, 62000-62500; Resistance: 64600-65000, 65600-66200