Aurora Community Daily | June 22

Today’s focus is on three things:

(1) The first round of US-Iran negotiations has concluded

The talks in Switzerland, although they argued midway, have finally finished.

The main points are: ceasefire, 60 days no blockade in the Strait of Hormuz, oil export exemptions, asset freeze and thaw, Iran’s promise not to develop nuclear weapons.

Oil prices fell back 2% today, and the market initially breathed a sigh of relief. But Israel has not yet commented, so there could still be surprises later.

(2) Increasing signals of bottoming for Bitcoin

Miners are starting to capitulate,
Mining difficulty has dropped over 20% from its peak.

Historically, such levels are often close to the cycle bottom.
On-chain signals also show buying indications.

Additionally, MicroStrategy’s CEO hinted again today about increasing Bitcoin holdings, possibly announcing a purchase tomorrow.

(3) This week’s focus is on PCE

Thursday night at 8:30,
US May core PCE data will be released.

If inflation decreases, the market will continue to price in rate cuts.
If inflation does not decrease, risk assets will be at risk.

In simple terms:

The US-Iran negotiations initially support the market, but whether it can continue to rise depends on the PCE data. #btc #eth