6.19 The impact of the interest rate meeting is minimal, is the BTC bearish trend returning?

Looking back at BTC data, the price fluctuations have not caused panic among investors. The turnover rate has not only failed to increase but has actually decreased. More investors are not worried about the short-term BTC price trends; only the short-term investors who bought in the last two days have strong exit expectations. Most investors may still want to bet on Thursday's interest rate meeting, where the results announced so far maintain the interest rate unchanged, having a minimal impact. Additionally, the influence of geopolitical conflicts will not be significant, at least the duration will not be long. Furthermore, from the supporting data, the most stable support range is currently between $93,000 and $98,000, and the turnover among this group of investors is also decreasing. Meanwhile, the inventory from $100,500 to $105,000 is gradually increasing. Currently, there are over 1.07 million BTC accumulating around $105,000. Although this is not a lot yet, the continued accumulation at this position, mainly by short-term investors, is not stable.

Trading advice:

Short BTC at $105,000-$105,500, target around $102,000-$98,000. Stop loss at $106,000.

Short ETH at $2,520-$2,560, target around $2,400-$2,300. Stop loss at $2,590.