Last week, as Bitcoin and ETH were rising, I poured cold water on it, saying: the market is in the process of building a top, and the higher it goes, the more opportunities it gives to bears! See the chart below.

As of now, this judgment has been validated, but where will the subsequent market drop to?

I think it's highly likely that it will break 100,000, and the position of 95,000 dollars needs to withstand a wave of damage in the coming week;

Of course, at 2 AM on Thursday, the Federal Reserve will announce its fourth interest rate decision of the year, and half an hour later, Federal Reserve Chairman Powell will say a few words. Currently, the outcome of the interest rate decision is basically certain: it will remain unchanged; however, Powell seems to want to sound hawkish, so the market is dropping first as a gesture!

In addition to the Federal Reserve's interest rate decision, there are several other major economic events this week, but the overall impact is limited.

June 18th at 17:00, Eurozone May CPI year-on-year

June 18th at 20:30, US initial jobless claims

June 19th at 19:00, Bank of England interest rate decision

Next, let the market withstand a wave of damage, then wait for time to repair it. One must still bravely build positions in batches, be bold in buying on the dips! Just wait for the golden second half of the year!