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17.06.202609:11 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on June 17

Relevance up to 03:00 2026-06-18 UTC--4

After a brief surge in buying, pressure on Bitcoin and Ethereum is returning. Bitcoin is currently trading at $65,500, while Ethereum has returned to around $1,780. Given that the Federal Reserve meeting is ahead, much could change.

Exchange Rates 17.06.2026 analysis

According to the latest data from CryptoQuant, Bitcoin could retrace to $48,000. It is evident that the market has entered a state of deep stress after the drop from $80,000 to $60,000. The portion of Bitcoin supply that is at a loss has exceeded 50%, meaning most current holders purchased the asset above the current market price. Psychologically, this is a critical zone; many investors may feel prompted to realize their losses and exit, creating additional downward pressure on the price.

Two key indicators from CryptoQuant are sending simultaneous alarm signals. The Sell-side Risk Ratio, which measures the risk of large sell-offs relative to market liquidity, has issued a red signal for the first time since the last cycle. This indicates that the market is technically vulnerable to a wave of forced sales under any additional pressure—whether from new geopolitical shocks, hawkish rhetoric from the Fed at today's meeting, or further transfers from large holders to exchanges. Simultaneously, the CVDD (Coin Value Days Destroyed) model points to $48,000 as a likely lower level for the current cycle.

It is worth noting that the historical bearish cycle, which began in October 2025, is expected to last approximately 18 months—potentially until early 2027. The average purchase price for investors is around $53,000, and true market capitulation has not yet occurred. The levels of $48,000 and $43,000 appear quite realistic in the mid-term.

Regarding short-term trading strategies, the conditions are outlined below.

Bitcoin

Exchange Rates 17.06.2026 analysis

Buy Scenario

Scenario #1: I plan to buy Bitcoin today at an entry point around $66,000, with a growth target of $66,900. At around $66,900, I will exit the buy positions and sell immediately on a 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 from the lower boundary of $65,500 if there is no market reaction to its breakout back to the levels of $66,000 and $66,900.

Sell Scenario

Scenario #1: I plan to sell Bitcoin today at an entry point around $65,500, with a target of a decline to $64,800. At around $64,800, I will exit the 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 of $66,000 if there is no market reaction to its breakout back to the levels of $65,500 and $64,800.

Ethereum

Exchange Rates 17.06.2026 analysis

Buy Scenario

Scenario #1: I plan to buy Ethereum today at an entry point around $1,800, with a growth target of $1,842. At around $1,842, I will exit the buy positions and sell immediately on a 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 from the lower boundary of $1,783 if there is no market reaction to its breakout back to the levels of $1,800 and $1,842.

Sell Scenario

Scenario #1: I plan to sell Ethereum today at an entry point around $1,783, with a target of $1,736. Around $1,736, I will exit the 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 from the upper boundary of $1,800 if there is no market reaction to its breakout back to the levels of $1,783 and $1,736.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Miroslaw Bawulski,
Analytical expert of InstaSpot
© 2007-2026
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