CLOSING OF THE DAY | June 18
$BTC closed at $63,900, down 1.3% while the S&P 500 jumped 1.7% due to the US-Iran peace agreement.
The traditional market celebrated the geopolitics. Bitcoin traded with a hawkish Fed.
And there lies today's paradox: classic risk assets soared, and crypto took a dip. The daily RSI at 41.9 indicates moderate bearish pressure. Key support between $63,000 and $63,500 — if we lose that, the next floor is at $61,250.
$ETH held up better than $BTC today. $SOL confirmed that capital rotates towards altcoins when Bitcoin hesitates.
My closing thought: when crypto and stocks move in opposite directions on the same day... is it a sign of maturation as an independent asset, or do we still not fully grasp how Bitcoin reads the macro?
Open debate below 👇
Follow me for tomorrow's analysis
#Bitcoin #CryptoRecap #BinanceSquare
$BTC closed at $63,900, down 1.3% while the S&P 500 jumped 1.7% due to the US-Iran peace agreement.
The traditional market celebrated the geopolitics. Bitcoin traded with a hawkish Fed.
And there lies today's paradox: classic risk assets soared, and crypto took a dip. The daily RSI at 41.9 indicates moderate bearish pressure. Key support between $63,000 and $63,500 — if we lose that, the next floor is at $61,250.
$ETH held up better than $BTC today. $SOL confirmed that capital rotates towards altcoins when Bitcoin hesitates.
My closing thought: when crypto and stocks move in opposite directions on the same day... is it a sign of maturation as an independent asset, or do we still not fully grasp how Bitcoin reads the macro?
Open debate below 👇
Follow me for tomorrow's analysis
#Bitcoin #CryptoRecap #BinanceSquare