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Micron Technology is the real Bitcoin, today the funds in the crypto space have been siphoned off by it. Last year, over 120,000 people were chasing Bitcoin, and this year, it's only 5,000 with queues forming to buy gold. A few days ago, everyone was hyped about SpaceX, but today we're all going all in on Micron. $MU
1) If we hold above 62K, that's like reclaiming previous lows after a drop, and the next move could likely lead to continued bullish momentum, with the ultimate target still set at 68K. 2) If we break below 62K, then we'll see a continuation of the bearish trend, possibly testing 61K or even lower levels.
When we talk about breaking levels, we're referring to at least a 1-hour time frame. If the 4-hour candles consistently close above 62,300, we could be looking at a significant bounce.
Understanding the weekly analysis of MU by CoinCat: MU's earnings report is the crucial validation point this week for the AI infrastructure spread, as capital has already started to flow into the backend sectors: HBM, DRAM, NAND, enterprise SSDs, advanced packaging, materials, and equipment.
There are two key questions MU's earnings report needs to address: 1: Is the rise in storage prices and AI demand still accelerating? 2: Has the market overhyped expectations for HBM and DRAM?
The previous guidance provided was $33.5 billion in revenue, a gross margin of about 81%, and earnings per share of $19.15, while Wall Street is anticipating earnings per share of $20.25. Given that Micron significantly exceeded its own guidance last quarter, the chances of this earnings report beating expectations again are also quite high. However, how much it will exceed is still uncertain; more importantly, we need to watch how management sets the tone for the next quarter.
The blogger's big play strategy for today, June 18, 2026 (price levels are only valid for today)
Market tone: After sweeping the lows, we're bouncing back, hanging around below 64700 while grinding it out in the lower range. At the same time, the daily candlestick shows a bearish engulfing pattern. BTC key level: 64700 BTC daily bulls vs bears line: 64100 Resistance levels above: 65000, 65200, 66000 Support levels below: 64300, 63900, 63200
What do you guys think, will this weekly death cross form? July is bound to be an extraordinary month for Bitcoin. Over the next 2 to 3 weeks, I recommend everyone to prepare a comprehensive trading strategy.
The trading volume of $SPCX is just insane; after-hours it shot up to 210, with a market cap hitting 2.7 trillion, almost catching up to $AMZN and $MSFT.
Today alone, the market cap increase has surpassed all historical records, with after-hours trading volumes in the millions, something we've never seen before.
It's like all the trading firms on Wall Street have come together to gamble on $SPCX , and they might keep pushing its valuation higher, eventually forcing index funds to step in and take the bag.
This is going to be quite interesting. But remember, this stock has almost no shorts or options for a proper cycle; everything feels like a game of hot potato, with capital chasing the highs and passing around the chips.
Recently, MicroStrategy scooped up $100 million worth of 1,587 BTC, bringing their total holdings to 846,842 BTC. When they previously dumped some Bitcoin, I thought that old-timer was facing a funding issue, but it looks like he was just throwing up a smokescreen. He's probably testing his influence in the crypto scene.
Elon Musk's net worth surpasses a trillion, while altcoins become mere background
After SpaceX goes public, @elonmusk 's net worth skyrocketed to $1.11 trillion. How staggering is that? Excluding Bitcoin, the entire altcoin market capitalization doesn't even match his individual wealth.
Honestly, when I saw this comparison, I felt a bit dazed.
Bitcoin has broken above 65000, boosted by the positive news regarding the initial consensus on the US-Iran agreement. The upper resistance is around the 67000 range, which should be tested soon, with support around 64000. Currently, the upward movement isn't finished; I wouldn't suggest going short in the short term, so it's best to go long and ride the wave.
Risk Warning: This is merely a structural market analysis and does not constitute any trading advice.
Iran and the US have reached a memorandum of understanding, set to be signed on Friday, June 19.
Both parties announced an immediate and permanent halt to all military actions across the board, including Lebanon. Is Trump pulling the 'boy who cried wolf' stunt again?
Thanks to the bullish vibes from the US-Iran deal, BTC's price has hit 65.7k.
Last week's predictions are now in play, and from the chart, it looks like there's gonna be some divergence at the 66k mark on the 4-hour candles. The OBV shows that volume hasn't caught up yet.
On the daily chart, we're still in a Bearish Regime, waiting for funds to flow back into the crypto scene.
On the weekly, the bulls managed to hold the new MACD death cross level, which gives us a bit of a lifeline. I expect another 4-6 weeks of bottoming out.
This week, both Japan and the US central banks are having their meetings.
This week is suited for hedging and going heavy short. It's not a good time to chase long positions $BTC
The crypto exchanges are starting to look more and more like brokerage firms.
Back in the day, we were all about: listing speed, contract depth, and trading fees. Now it's all about: tokenization of US stocks, SpaceX, 24/7 trading, dividends hitting accounts, and broker transfers. This is pretty interesting. The crypto world always claimed it would disrupt traditional finance. But here we are, going in circles, and now they're selling US stocks. Are we seeing the evolution of crypto finance, or did the exchanges realize that retail traders still love to swing trade US stocks?
Bitcoin at over 60k is getting no love, while everyone's chasing after SpaceX with a valuation of 1.8 trillion. In 3 years, when Bitcoin hits 200k or 300k a pop, everyone will be lining up to FOMO in.
The ultimate fate of shitcoins: dump and run. $SIREN yesterday plummeted 72% in a day, the whale's holdings dropped from 94%, 683 million coins, selling from 10 AM to midnight, holdings decreased to 66%, 480 million coins, offloaded 201 million, worth: 27.7 million! This is all the sweat and tears of retail investors!