19.06.202607:19 Forex-elemzések és áttekintések: Trading Recommendations for the Cryptocurrency Market on June 19

Bitcoin is currently trading below $62,500 and is poised to continue its decline at any moment. Ethereum fell to $1,670 yesterday before partially recovering its losses.

This all happens against the backdrop of news that outflows from Bitcoin and Ethereum ETFs have resumed following the Federal Reserve's hawkish signal. Clearly, the recent breather was short-lived. After a single day of inflows that interrupted 18 consecutive red days, outflows from Bitcoin and Ethereum spot ETFs resumed. The result was a decrease of $82.2 million from Bitcoin ETFs and $29.4 million from Ethereum ETFs—an outcome that logically follows what occurred the night before.

The first FOMC meeting under Kevin Warsh delivered tough economic forecasts: rates were maintained, but most committee members do not expect any rate cuts until the end of 2026, while some even anticipate hikes. Bitcoin responded with a 2.2% decline to $64,150, while Ethereum lost 3%, with institutional investors, judging by ETF flows, taking the opportunity to exit positions.

Among altcoins, a similar pattern of selective demand is evident. HYPE attracted $2.1 million, SOL $1.1 million, and DOGE a mere $200,000. XRP, BNB, LINK, AVAX, LTC, HBAR, and DOT showed zero inflows. The total inflow across all altcoins barely exceeded $3.4 million, compared to $111 million in total outflows from Bitcoin and Ethereum ETFs. The picture we have observed for several weeks has not changed: large capital is leaving Bitcoin and Ethereum without reallocating into altcoins, simply exiting the crypto market. This can be partly explained by the "AI summer" and the capital rotation toward AI infrastructure.

As for short-term trading, the strategy and conditions are described below.

Bitcoin

Buy Scenario

• Scenario #1: I plan to buy Bitcoin today at an entry point around $62,900, with a growth target of $63,900. At around $63,900, I will exit my buy positions and sell immediately on the rebound. Before buying on the breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.
• Scenario #2: I can buy Bitcoin at the lower boundary of $62,300 if there is no market reaction to its breakout back to $62,900 and $63,900.

Sell Scenario

• Scenario #1: I plan to sell Bitcoin today at an entry point around $62,300, with a target of a decline to $61,400. At around $61,400, I will exit my sell positions and buy immediately on the rebound. Before selling on the breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.
• Scenario #2: I can sell Bitcoin from the upper boundary at $62,900 if there is no market reaction to its breakout back to the levels of $62,300 and $61,400.

Ethereum

Buy Scenario

• Scenario #1: I plan to buy Ethereum today upon reaching an entry point around $1,701 with a target for growth to $1,732. At around $1,732, I will exit my buy positions and sell immediately on the rebound. Before buying on the breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.
• Scenario #2: I can buy Ethereum at the lower boundary of $1,682 if there is no market reaction to its breakout back to $1,701 and $1,732.

Sell Scenario

• Scenario #1: I plan to sell Ethereum today at an entry point around $1,682, with a target of $1,652. At around $1,652, I will exit my sell positions and buy immediately on the rebound. Before selling on the breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.
• Scenario #2: I can sell Ethereum at the upper boundary of $1,701 if there is no market reaction to its breakout back to $1,701 and $1,732.