June 12, Friday midday market analysis.

In the early morning, the market quickly surged following Kuaizi's comments.
He said that the US-Iran agreement had been approved by Iran, but Iran immediately denied it.
Actually, there's no need to dwell on who told the truth; the market has already given the answer.
This round of rebound had no volume support at all; it stalled at 63,900 and couldn't go higher, with 65,000 being an even tougher barrier.
Such news-driven disturbances are ultimately just short-term hype and should not be over-interpreted.
The real key to the future market trend is the upcoming Bank of Japan monetary policy meeting on June 15-16.
Currently, the market predicts a 98% chance of a rate hike this time, which is the main trigger influencing the trend.
Whether the US-Iran agreement can ultimately be implemented or not, it is difficult to reverse the current large bearish trend.

BTC trading advice: Short at 63,500-64,000, take profit at 62,400-61,500, stop loss at 64,500.
ETH trading advice: Short at 1,680-1,700, take profit at 1,650-1,620, stop loss at 1,730.