๐ Weekly Crypto Market Summary (June 17โ21)
Technical Overview:
BTC is consolidating near the $106,000 level, right above the 50-day and 200-day MAs โ a technically bullish sign, but price momentum has flattened.
Volatility has dropped significantly, with the 21-day rolling average well below 1%, suggesting a potential breakout soon.
Liquidation map highlights a massive liquidation cluster between $106,000โ108,000. This zone may act as a magnet for price and a battleground between bulls and bears.
Macro Catalysts Ahead:
Tuesday โ Retail Sales Data (USA): Any signs of weakness could support the case for a Fed rate cut.
Wednesday โ FOMC Day:
Dot plot projections
Fed Funds Rate decision
Jerome Powell's press conference
These will be key in shaping risk sentiment across crypto and traditional markets.
Geopolitical Watch:
Tensions in the Middle East (IsraelโIran) and oil supply risks could delay dovish Fed rhetoric if inflation fears re-emerge due to spiking oil prices.
๐ Outlook:
BTC is at a crossroads โ low volatility + key resistance zone + macro catalysts = potential breakout week. Upside above $108K opens path to new highs, while failure may retest the 200 MA near $103K.
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