Today is Wednesday, June 18, 2025. Good morning to all crypto friends ☀️ Iron fans check in 👍 Like and make a fortune 🍗🍗
U.S. stocks closed lower on Tuesday, with the Dow Jones initially down 0.7%, the S&P 500 down 0.84%, and the Nasdaq down 0.9%. Tesla (TSLA.O) fell 3.88%. The Nasdaq Golden Dragon China Index dropped 1.77%, with JD.com (JD.O) down nearly 1%. The cryptocurrency market experienced significant fluctuations again, with most of the top gainers facing imminent delisting. The conflict situation in the Middle East continues to deteriorate, with Trump threatening Iranian leaders to surrender unconditionally. The market speculates that the U.S. may soon join the crackdown on Iran. Economic reports show that U.S. consumer spending is weak. Starting today, the Federal Reserve is holding a monetary policy meeting, with decisions and statements to be announced tomorrow, and Fed Chairman Powell will also speak. The market generally expects that the decisions made at this meeting will have a profound impact on the direction of global financial markets. Whether to maintain interest rates, raise them, or cut them will directly change the flow of funds and risk preferences in the market. In the context of rising tensions in the Middle East and weak economic data, the Federal Reserve's decisions become crucial, as any subtle change in wording could trigger the next round of market volatility. In the face of a complex and changing market environment, investors need to remain highly vigilant and closely monitor U.S. stock trends, cryptocurrency market dynamics, developments in the Middle East, and the Federal Reserve's policy direction.
The Bitcoin price saw a slight rebound yesterday morning, reaching a peak of 107727 before facing resistance and beginning to pull back. In the later market, shorts increased sharply, showing a trend of one-sided decline, and by dawn, the Bitcoin price hit a low of 103305 before stopping the decline. It quickly rebounded, showing back-and-forth tug-of-war between bulls and bears. Currently, the Bitcoin price is around 104500, indicating that short-term market sentiment is still bearish, but there is a demand for rebound correction after being oversold. The moving average price is still below the EMA10, indicating a bearish short-term trend. The MACD on the 4-hour level shows a dead cross between DIF and DEA below the zero axis, but the bearish trend has slightly shortened, and bearish momentum is weakening. The 4-hour RSI is close to the 30 oversold area, indicating a potential short-term rebound demand. The support at 103300 is valid, and breaking above 105500 could form a short-term bottom. In the subsequent market, it is crucial to focus on whether the price can break through the mid-band of the 4-hour Bollinger Bands, while closely monitoring the recovery of various indicators. Once the price successfully stands above the mid-band and the indicators continue to improve, the upward momentum of Bitcoin will be further confirmed.
The Ethereum market trend is primarily characterized by a step-back-and-look pattern, still mainly dominated by bears. It hit a low of 2452 during the night before stopping. The price still has a certain distance to stop the decline, currently rebounding to around 2510. This is due to the recent significant fluctuations, coupled with the ongoing bullish trend, which is a normal pullback correction before the upward formation. The trend has not changed, and Ethereum has also followed a similar pattern, not breaking below the previous low. Currently, our defense position for long positions is set at the previous low. The market still expects a recovery in the price ratio upwards. $10.453 billion sets a new benchmark for safety.