🔥 The explosion! As soon as the ceasefire news in the Middle East came out, Bitcoin immediately V-reversed 🚀!

Last night, Israeli Prime Minister Netanyahu ordered a ceasefire in Lebanon, and US stock futures surged straight up, Bitcoin jumped from below 63k to above 64k! 📈 It once dropped over 3%, but after the news broke, the decline narrowed to 1%. The biggest uncertainty in geopolitical risk has temporarily diminished, and risk capital is starting to flow back in.

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💎 Bitcoin ($BTC ‌)

Current price 64,213, 24-hour low 63,150, high 64,355. Bollinger Bands are flattening across three lines, EMA moving averages are converging, typical of the night before a directional choice. RSI on all three lines hovers around 50, indicating a temporary balance between bulls and bears.

The first resistance is at 64,370,

If broken, the next target is 64,800-65,000;

Support below is at 63,150-63,400.

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💎 Ethereum ($ETH ‌)

Current price 1735, slightly stronger than Bitcoin. But ETH/BTC ratio has fallen to 0.027, returning to the lows of early 2023—indicating that Bitcoin has been more resilient than Ethereum during this period. The 1735 level is right near the middle band of Bollinger, if it holds, it can try to reach 1765; if it can't, it may fall back to 1700.

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💎 $RE ‌ (New coin alert!)

This new coin has been quite strong recently, current price 1.04, steady 3.9% over 24 hours. But RSI6 has already reached 76.49, indicating short-term overbought conditions. New coins tend to be volatile, so manage your pace accordingly.

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📊 Overall network data

In the past 24 hours, liquidations totaled $174 million, with shorts liquidated at $122 million, longs only $52.79 million—shorts got cleaned up! Over 68k traders were wiped out. Morgan Stanley bought 266 Bitcoin last week on dips, with total holdings surpassing 4,300 coins. Traditional institutions are gradually accumulating, and this signal is worth noting.

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The overall market remains in a volatile pattern, with short-term movements dominated by news. How long the ceasefire can last is uncertain; on June 26, there are still $10.6 billion in options expiring. The likely rhythm in the coming days is—news comes, pushes prices up, then after digesting the news, the market consolidates.

These are just personal observations and do not constitute any advice. DYOR.

If you find this useful, follow me and let's watch the market together every day! 👊
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