Lettuce Test Strategy June 18, 2025
Market Review: Bitcoin and Ethereum started to decline without volume from the afternoon yesterday. The bulls completely refrained from buying, leading to a gradual decline followed by a crash, dropping from (Bitcoin 107500 to 103300, Ethereum 2659 down to around 2450) without any pause. The overall trend is extremely poor, and we are currently in a rebound phase, with the market showing some stabilization.
Yesterday's lesson discussed how a gradual decline can accelerate into a crash, including specific details on predictions and bottom judgments, perfectly matching the market. Those who want to learn along are welcome to join my internal class.
Bitcoin has adjusted upwards overnight and has reached the resistance level. The 30-minute rise has changed from a straight line pull to a small bullish candle, indicating weakening momentum. It is expected to form resistance in the range of 105300-105800, and short positions can be taken in this range for short-term trades. It is expected that the market will fluctuate slightly around 104100-105800 during the day.
Second Resistance: 107500
First Resistance: 106000
First Support: 104100
Second Support: 103500
Ethereum has stopped falling around 2450, forming a 5-minute W bottom pattern and is currently back in the fluctuation range. This rebound has corrected the accelerated decline from yesterday. At 2 AM tomorrow, the Federal Reserve will announce its interest rate decision, which will increase traders' bets on the direction of the cryptocurrency market, leading to intensified volatility. Everyone should manage their positions carefully.
Second Resistance: 2604
First Resistance: 2576
First Support: 2506
Second Support: 2460
