The Morning Update | Tuesday, June 23, 2026 (07:45)
Yesterday, Bitcoin tried to break out but got rejected. This morning, the crypto market is back in the red, with BTC hovering around $63,434. Let’s check in on what’s really going on.
📰 Morning News
Sentiment & On-chain: CryptoQuant shows that the macro downtrend might not be over. However, Open Interest dropped quickly after the June correction. The fewer traders on the leverage train, the healthier the market is moving forward.
Geopolitics & Oil: The US Treasury has granted a 60-day permit on Iranian oil, and discussions are progressing in Switzerland. It’s still very delicate, but for now, it’s calming the price action.
Adoption: Morgan Stanley is slashing fees with just 0.14% on its future ETH and Solana ETFs. In Korea, TOSBank (15M clients) also chooses Solana for its cross-border payments. Progress is being made.
Altcoins: Glassnode reports a capital rotation towards alts. Be careful, we’re not talking about an Alt Season at all, just a little breather to regain some ground.
📉 Technical Analysis: Watch out for traps
Bitcoin (BTC): Yesterday, we got stuck under the resistance at 65,535,$ (the top of the range). We’re forming a bullish structure (cup and handle or double bottom), but it’s not confirmed. Nobody has a crystal ball. The absolute pivot point is 66,280,$ : we need to break this reinforced concrete ceiling to push towards 68k or 70k. If we lose 63,264,$ and especially 60,077$, we validate the bear flag and prolong the drop. Meanwhile, the Bollinger Bands are tightening significantly. The tighter it gets, the bigger the breakout will be. No immediate bull run (not before fall or 2027), but it’s perfect for DCA.
Ethereum (ETH): It’s a copy-paste. ETH is building its cup and handle while holding the support at $1,683. If it breaks through the 1,798$ barrier, the theoretical target is $2,028.
Yesterday, Bitcoin tried to break out but got rejected. This morning, the crypto market is back in the red, with BTC hovering around $63,434. Let’s check in on what’s really going on.
📰 Morning News
Sentiment & On-chain: CryptoQuant shows that the macro downtrend might not be over. However, Open Interest dropped quickly after the June correction. The fewer traders on the leverage train, the healthier the market is moving forward.
Geopolitics & Oil: The US Treasury has granted a 60-day permit on Iranian oil, and discussions are progressing in Switzerland. It’s still very delicate, but for now, it’s calming the price action.
Adoption: Morgan Stanley is slashing fees with just 0.14% on its future ETH and Solana ETFs. In Korea, TOSBank (15M clients) also chooses Solana for its cross-border payments. Progress is being made.
Altcoins: Glassnode reports a capital rotation towards alts. Be careful, we’re not talking about an Alt Season at all, just a little breather to regain some ground.
📉 Technical Analysis: Watch out for traps
Bitcoin (BTC): Yesterday, we got stuck under the resistance at 65,535,$ (the top of the range). We’re forming a bullish structure (cup and handle or double bottom), but it’s not confirmed. Nobody has a crystal ball. The absolute pivot point is 66,280,$ : we need to break this reinforced concrete ceiling to push towards 68k or 70k. If we lose 63,264,$ and especially 60,077$, we validate the bear flag and prolong the drop. Meanwhile, the Bollinger Bands are tightening significantly. The tighter it gets, the bigger the breakout will be. No immediate bull run (not before fall or 2027), but it’s perfect for DCA.
Ethereum (ETH): It’s a copy-paste. ETH is building its cup and handle while holding the support at $1,683. If it breaks through the 1,798$ barrier, the theoretical target is $2,028.