New week, not lacking in catalysts, but this isn't the kind of market to go all-in on the narrative.
BTC is holding around 64K after a bounce over the weekend. SOL and TAO are outperforming the market in the last 24 hours, but RNDR is still lagging, so the current flow of funds is selective rather than broad risk-on.
3 points I'm watching for the week of 22-28/6:
- On 26/6, there's an options expiry for BTC around 10.6 billion USD. When positioning is skewed, volatility can spike quickly over the weekend.
- The Hormuz situation and the US-Iran ceasefire negotiations remain major macro variables. If oil bounces back, crypto could easily lose its risk-on vibe.
- ETF flows have cooled down, and JPMorgan estimates BTC is still trading below mining costs, so every bounce needs new buyers to confirm.
Short-term market read:
As long as BTC holds above the 63K-63.2K range, it has a shot at testing the 64.6K-65K area.
If it loses this range, I'd prioritize reducing beta rather than trying to catch the bottom on altcoins.
Invalidation point: if headlines are positive but BTC can't hold the middle of the range, that's usually just a short squeeze rather than a new trend.
Are you preparing a watchlist for the new week with BTC, SOL, or the AI group?
If you want to start tracking and trading on Binance, you can check it out here: https://www.binance.com/register?ref=FUTURECRYPTO
This is educational content, not investment advice.
#BTC #BinanceSquare #CryptoMarket #TradingSetup
BTC is holding around 64K after a bounce over the weekend. SOL and TAO are outperforming the market in the last 24 hours, but RNDR is still lagging, so the current flow of funds is selective rather than broad risk-on.
3 points I'm watching for the week of 22-28/6:
- On 26/6, there's an options expiry for BTC around 10.6 billion USD. When positioning is skewed, volatility can spike quickly over the weekend.
- The Hormuz situation and the US-Iran ceasefire negotiations remain major macro variables. If oil bounces back, crypto could easily lose its risk-on vibe.
- ETF flows have cooled down, and JPMorgan estimates BTC is still trading below mining costs, so every bounce needs new buyers to confirm.
Short-term market read:
As long as BTC holds above the 63K-63.2K range, it has a shot at testing the 64.6K-65K area.
If it loses this range, I'd prioritize reducing beta rather than trying to catch the bottom on altcoins.
Invalidation point: if headlines are positive but BTC can't hold the middle of the range, that's usually just a short squeeze rather than a new trend.
Are you preparing a watchlist for the new week with BTC, SOL, or the AI group?
If you want to start tracking and trading on Binance, you can check it out here: https://www.binance.com/register?ref=FUTURECRYPTO
This is educational content, not investment advice.
#BTC #BinanceSquare #CryptoMarket #TradingSetup