6.18 Wednesday Early Morning Bitcoin Analysis Focus on KONG

From the 4-hour technical perspective, the market is currently maintaining a clear consolidation phase. Prices continue to operate below the middle track, with four consecutive small bearish candles. These candlestick bodies are relatively small and all have significant upper and lower shadows, clearly showing the fierce competition between bulls and bears. Although the overall trend presents a weak downward pattern, each decline has found support for a rebound, while upward movements encounter resistance. This repeated oscillation indicates that the current market's bullish and bearish forces have temporarily reached a state of balance. It is worth noting that the Federal Reserve's interest rate decision and policy statement will be announced in the early morning, and this significant risk event could very well become a key catalyst to break the current deadlock.

Bitcoin range 1047-1049 KONG, target 1034 range

Remember to defend well!

$BTC $ETH #我的交易风格 #美联储FOMC会议 #GENIUS稳定币法案 #Solana现货ETF竞赛 #币安HODLer空投SPK