2026.6.24 #btc
Yesterday, influenced by the global stock markets, the crypto space also kicked into flood mode. With the US stocks opening significantly down at night to digest the bad news, there wasn't a massive plunge, and the market started a weak recovery. By this morning, Bitcoin had completed its 1-hour recovery and is nearing the neckline, facing considerable resistance. Ethereum only completed its 30-minute recovery. The overall market remains in a bearish trend. The Fed's hawkish shift: the median interest rate forecast in the dot plot was raised from 3.4% to 3.8%, with 9 officials expecting a rate hike this year.
Bitcoin: range-bound trading, high sell and low buy. Today, we will first check the recovery strength; key levels are unlikely to hold without a pullback. End-of-month options expiration pressure: $10.6 billion in quarterly options are about to expire. Head and shoulders pattern confirmed: the 4-hour chart has broken the neckline, with bearish moving averages in alignment. MACD continues to expand: DIF and DEA crossed downwards and are diverging, indicating that bearish momentum has not exhausted. Approaching the oversold zone, there may be a technical rebound in the short term, but this is not a trend reversal signal.
Yesterday, influenced by the global stock markets, the crypto space also kicked into flood mode. With the US stocks opening significantly down at night to digest the bad news, there wasn't a massive plunge, and the market started a weak recovery. By this morning, Bitcoin had completed its 1-hour recovery and is nearing the neckline, facing considerable resistance. Ethereum only completed its 30-minute recovery. The overall market remains in a bearish trend. The Fed's hawkish shift: the median interest rate forecast in the dot plot was raised from 3.4% to 3.8%, with 9 officials expecting a rate hike this year.
Bitcoin: range-bound trading, high sell and low buy. Today, we will first check the recovery strength; key levels are unlikely to hold without a pullback. End-of-month options expiration pressure: $10.6 billion in quarterly options are about to expire. Head and shoulders pattern confirmed: the 4-hour chart has broken the neckline, with bearish moving averages in alignment. MACD continues to expand: DIF and DEA crossed downwards and are diverging, indicating that bearish momentum has not exhausted. Approaching the oversold zone, there may be a technical rebound in the short term, but this is not a trend reversal signal.