18 June 2025,06:41
Daily Market Analysis
18 June 2025, 06:41
Key Takeaways:
*BTC seesawed and retraced from the previous bullish rally, suggesting a bearish reversal for BTC.
*Geopolitical tension in the Middle East harms the risk appetite in the market and pressures the crypto market.
Market Summary:
Bitcoin fell more than 4% in the last session, forming a bearish engulfing candle that wiped out the previous day’s gains and signaled growing bearish momentum in the cryptocurrency market. The pullback reflects a broader shift toward risk aversion, driven by escalating hostilities in the Middle East as the conflict enters its sixth day.
Investor sentiment has soured, with the Crypto Fear & Greed Index slipping into neutral territory from recent “greed” levels—an indication that capital is flowing out of risk assets. Supporting this narrative, spot Bitcoin ETFs reported net outflows in the latest session, suggesting a pivot away from crypto by institutional investors.
Wall Street’s weak close further weighed on sentiment, with major U.S. indices finishing in the red, dampening risk appetite across asset classes. Meanwhile, the total cryptocurrency market capitalization has steadily declined over the past week, now hovering around the critical $3.2 trillion mark. A sustained break below this threshold could trigger a broader market correction.
Traders will be closely watching geopolitical developments in the Middle East and any shifts in U.S. trade policy from the White House, both of which could continue to influence sentiment and drive volatility across the crypto space.
Bitcoin experienced heightened volatility in recent sessions, seesawing more than 4,000 points over a two-day span. The cryptocurrency broke below the key $105,000 level, invalidating its short-term bullish structure and slipping toward its previous low near $103,000.
While a marginal technical rebound has emerged, the broader trend remains under pressure. BTC continues to trade below the 38.2% Fibonacci retracement level at $105,600—an area seen by traders as a critical threshold for any recovery. Failure to reclaim this level may reinforce the view that the cryptocurrency remains firmly in a bearish trajectory.
Momentum indicators further underscore this bias. The Relative Strength Index (RSI) has declined below the midpoint after flirting with overbought territory earlier in the week, while the MACD remains suppressed beneath the zero line—both suggesting that bearish momentum remains intact.
Traders will closely monitor whether BTC can stabilize above support levels or face renewed selling pressure amid broader risk-off sentiment in global markets.
Resistance Levels: 111,745.00, 117,200.00
Support Levels: 97,640.00, 91,800.00
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