📊 Market Overview | June 17, 2026
Hey everyone. It's your local trader speaking!
The market kicks off this new day under high tension. It's D-Day: all eyes are on the evening for the Fed's major decision. While we wait for the verdict, the charts show technical neutralization and intense battles under key resistance levels.
Bitcoin (BTC): The price is currently trading around $65,790. After attempting to re-enter the lower end of its previous range at $65,730, yesterday's candlestick closed just below this pivot level, confirming a technical pullback. BTC is also facing a significant resistance zone characterized by the lower end of the moving average ribbon at $66,556. The short-term trend remains healthy (with higher lows and highs since June 7), but the overall structure holds a Bear Flag threat. A loss of the ascending trend line would validate this bearish continuation pattern.
Ethereum (ETH): ETH is stagnating around its major resistance at $1,792, a level it has been working on unsuccessfully for three days now. Like BTC, the chart configuration presents the same theoretical Bear Flag risk. To definitively rule out this alert scenario and secure itself, ETH must break through this resistance to reclaim the old key range low at $1,936.
Fed Decision and FOMC (Tonight at 8:00 PM): This is the directional catalyst of the week. Markets assign a 99% probability to a status quo (maintaining rates at 3.75%). The focus will be primarily on the accompanying speech and economic projections, which will undoubtedly inject strong volatility into the opening of the night sessions.
Fundamentals & Flow: On-chain, Ethereum staking reaches a new all-time high with 32.7% of the total supply locked, which mechanically reduces immediate selling pressure. Today's Goals
Hey everyone. It's your local trader speaking!
The market kicks off this new day under high tension. It's D-Day: all eyes are on the evening for the Fed's major decision. While we wait for the verdict, the charts show technical neutralization and intense battles under key resistance levels.
Bitcoin (BTC): The price is currently trading around $65,790. After attempting to re-enter the lower end of its previous range at $65,730, yesterday's candlestick closed just below this pivot level, confirming a technical pullback. BTC is also facing a significant resistance zone characterized by the lower end of the moving average ribbon at $66,556. The short-term trend remains healthy (with higher lows and highs since June 7), but the overall structure holds a Bear Flag threat. A loss of the ascending trend line would validate this bearish continuation pattern.
Ethereum (ETH): ETH is stagnating around its major resistance at $1,792, a level it has been working on unsuccessfully for three days now. Like BTC, the chart configuration presents the same theoretical Bear Flag risk. To definitively rule out this alert scenario and secure itself, ETH must break through this resistance to reclaim the old key range low at $1,936.
Fed Decision and FOMC (Tonight at 8:00 PM): This is the directional catalyst of the week. Markets assign a 99% probability to a status quo (maintaining rates at 3.75%). The focus will be primarily on the accompanying speech and economic projections, which will undoubtedly inject strong volatility into the opening of the night sessions.
Fundamentals & Flow: On-chain, Ethereum staking reaches a new all-time high with 32.7% of the total supply locked, which mechanically reduces immediate selling pressure. Today's Goals