Before the Federal Reserve's interest rate meeting on June 18, it is difficult for the market to escape significant fluctuations. The previous trend was a continuous decline, and last week saw a sharp drop with increased volume, bearish forces have already been greatly exhausted, and now those chasing the short position at low levels are overcrowded. Therefore, the market is likely to fluctuate around low levels, and may even experience a slight rebound, which is a trend I currently view positively.

Even if the market continues to go down this week, the downside space is quite limited, at most it will just slowly grind along a weak bottom. However, there is another trend that requires close attention: if bullish positions accumulate slowly at low levels while also retaining a significant number of short positions, the subsequent market could first rise and then quickly fall, allowing the main force to complete a dual-directional harvest. This round of decline may further weaken the weekly MACD and will become the final dump action of this bear market.

If the market does not experience this ultimate decline, but merely starts to stabilize after a slight bottom probe, there is no need for everyone to be anxious. Once the bottom signal is clear, using low leverage to arrange long positions can still yield good returns, and the risk can be controlled. To be honest, the cost-effectiveness of entering the market to stock up on spot assets at this stage is not high; even if it later rises to 180,000, the return would only double. I will continue to observe, waiting for the ultimate decline to occur or a clear accumulation range by the main force to form.

In terms of contract operations, focus on the 65000-66000 pressure zone, and when it rebounds to this level, short positions can be arranged, with the first target looking towards the 57500 critical support level. When the price first drops to this position, it is highly likely to face a significant rebound, and afterwards, it will again test the bottom.

Overall, the 55000-48000 range is the most cost-effective area for spot layout. Currently, it is not possible to determine the specific bottom position; the market will slowly provide answers, and once a clear signal appears, I will inform everyone immediately, as this will also be the best time to enter the spot market.

To summarize: the current market is in a recovery phase after a major decline, combined with the approaching interest rate meeting, making it difficult to show a clear trend in the short term. Judging from the market structure, it is anticipated that the market will welcome a final wave of deep decline. The rebound should first look at the 65000-66000 pressure, with the primary support below at 57500, while the key focus is on the 55000-48000 range. Wait for a complete bottoming pattern to develop before timing the market entry.

Public Account: Big Bull Talks Market

Disclaimer: The above content is only a personal market thought sharing, for reference and exchange only, and does not constitute any investment advice. Cryptocurrency market fluctuations are extremely large, and trading risks are very high; please judge rationally, trade independently, and bear your own gains and losses.

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