June 16, Tuesday midday market analysis. The geopolitical situation is basically settled; Trump has made a statement that the US and Iran have signed a memorandum of understanding, aiming to end the conflict related to朗子, reopen the Strait of Hormuz, with the official signing ceremony scheduled for Friday in Geneva, followed by 60 days of technical negotiations.


Next, focus on the Federal Reserve interest rate decision, and the market impact from the speech by the new chair, Waller.
Yesterday saw a volatile upward trend, with an early surge, steady rise during European trading hours, continued gains in the US session, then a pullback at the close under pressure, forming a large bullish candlestick on the daily chart.
After three consecutive days of rebound, the bullish momentum weakened toward the close, beginning to decline. On one hand, the Middle East geopolitical situation still contains uncertainties; on the other hand, the market is waiting for the Federal Reserve interest rate decision to be implemented.
In the short term, the market is unlikely to move in a single direction, maintaining a range-bound consolidation pattern overall.
BTC trading advice: short near 66,500, stop loss at 67,300, take profit at 65,500-64,800.
Long at 64,500-65,000, stop loss at 63,800, take profit at 66,000-66,500.
BTC1.46%
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