#我的Gate交易时刻 6.17 Bitcoin Market Update — "Wosh's First Fire"


Crypto Market News:
1, June 16, according to monitoring, Grayscale deposited 1,863 Bitcoins into Coinb, with an average price of $66,376.
2, June 17, according to monitoring, a suspected new wallet from Bitmine transferred 20k ETH from FalconX, with an average price of $1,793, valued at $35.86 million.
3, June 17, according to monitoring, a "whale" withdrew 11.14k ETH at an average price of $1,789. Over the past three days, this whale has withdrawn a total of 32.28k ETH from Binance at an average price of $1,766 and sent it for staking.
Market News:
1, On June 17, the Iranian armed forces issued a statement that, two days after U.S. President Trump announced the end of the war, the Israeli military violated the ceasefire agreement 84 times in southern Lebanon. If Israel does not stop its invasion and provocation in southern Lebanon, it will face a strong response from Iranian armed forces.
2, On June 17, U.S. intelligence assessments showed that, despite expectations of reaching an agreement to reopen the Strait of Hormuz, Iran demonstrated relevant capabilities during the conflict and still has the ability to close the Strait again.
3, Trump: The second phase of U.S.-Iran negotiations is "easier," and "the text clearly states that Iran will not possess nuclear weapons," which is also the core bottom line. Otherwise, Iran will face devastating U.S. strikes, and the U.S. will not provide any financial support to Iran.
4, Market pricing indicates that maintaining interest rates at the Federal Reserve's Wednesday meeting is a foregone conclusion. All eyes will turn to Chair Wosh's (early Thursday Beijing time at 2:30 AM) first press conference for clues about future policies. Despite the U.S. and Iran preparing to sign a temporary peace agreement, oil prices have fallen to a three-month low, easing some inflation pressures, but future policies remain uncertain.
5, U.S. stocks closed on Tuesday, with the Dow initially up 0.6%, the S&P 500 down 0.57%, and the Nasdaq down 1.15%. Overall, the macro market is focused on the Federal Reserve policy statement. It is important to note that current inflation is about twice the Fed's target. In Bitcoin trading, cautious intraday operations should be prioritized to prevent abnormal volatility triggered by news. Short positions near resistance levels should be considered before entering.
Market Analysis
Daily Chart: Before the rate decision, Bitcoin remains relatively quiet, showing technical adjustment characteristics. Price is moving within the middle band of Bollinger Bands, which are also converging. The moving averages are similarly aligned. Additionally, the 7-day RSI indicator has recovered to around 54, indicating a relatively balanced bullish and bearish sentiment. Overall, before the Fed data and news, short-term trading can adopt a quick in-and-out approach. High positions ahead of data releases can be lightly accumulated, which is also suitable.
Upside Resistance: Initial resistance near the 67k level! Further resistance at the 30-day moving average around 69,192!
Downside Support: Initial support near the 10-day moving average around 64,098! Further support at the June 12 low of approximately 62,310!
BTC-0.63%
ETH-0.79%
US5000.08%
NAS1000.48%
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#我的Gate交易时刻 June 17 Bitcoin Market Again Faces a Test — "Wosh's First Fire"
Crypto Circle News:
1. On June 16, according to monitoring, Grayscale deposited 1,863 Bitcoins into Coinb, with an average price of $66,376.
2. On June 17, according to monitoring, a suspected new wallet of Bitmine transferred 20k ETH from FalconX, with an average price of $1,793, valued at $35.86 million.
3. On June 17, according to monitoring, a "whale" withdrew 11.14k ETH at an average price of $1,789. In the past three days, this whale has withdrawn a total of 32.28k ETH from Binance at an average price of $1,766 and sent them for staking.
Market News:
1. On June 17, the Iranian armed forces issued a statement that, two days after U.S. President Trump announced the end of the war, Israeli troops violated the ceasefire agreement 84 times in southern Lebanon. If Israel does not stop its invasion and provocation in southern Lebanon, it will face a strong response from Iranian armed forces.
2. On June 17, U.S. intelligence assessments showed that, despite expectations of reaching an agreement to reopen the Strait of Hormuz, Iran demonstrated relevant capabilities during the conflict and still has the ability to close the Strait again.
3. Trump: The second phase of U.S.-Iran negotiations is "easier," and "the text clearly states that Iran will not possess nuclear weapons," which is also the core bottom line. Otherwise, Iran will face devastating U.S. strikes, and the U.S. will not provide any financial support to Iran.
4. Market pricing indicates that maintaining interest rates at the Federal Reserve's Wednesday meeting is a foregone conclusion. All eyes will turn to Chair Wosh's (early Thursday Beijing time at 2:30 AM) first press conference for clues about future policies. Although the U.S. and Iran are preparing to sign a temporary peace agreement, oil prices have fallen to a three-month low, easing some inflation pressures, but future policies remain uncertain.
5. On Tuesday, U.S. stocks closed with the Dow initially up 0.6%, the S&P 500 down 0.57%, and the Nasdaq down 1.15%. Overall, the macro market is focused on the Federal Reserve policy statement. It is worth noting that current inflation is about twice the Fed's target. In Bitcoin trading, cautious intraday operations should be prioritized to prevent abnormal volatility triggered by news. Short positions near resistance levels should be considered before entering.
Market Analysis
Daily Chart: Before the rate decision, Bitcoin remains relatively quiet, showing technical adjustment characteristics. Price is moving within the middle band of Bollinger Bands, which are also converging. The moving averages are similarly aligned. Additionally, the 7-day RSI indicator has recovered to around 54, indicating a relatively balanced market between bulls and bears. Overall, before the Fed data and news, short-term quick in-and-out trading is advisable. Near high-impact data releases, light positions can be accumulated, which is also suitable.
Upside: Initial resistance near the 67k integer level! Further resistance at the 30-day moving average around 69,192!
Downside: Initial support near the 10-day moving average around 64,098! Further support at the June 12 low of approximately 62,310!
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