U.S. Lawmakers Debate New Crypto Tax Rules 🔸 The House Ways and Means Committee discussed digital asset taxation on Tuesday following the introduction of seven Republican-backed crypto tax bills. 🔸 Key proposals include a tax exemption threshold for small crypto transactions, delaying taxes on mining and staking rewards until the assets are sold, and extending wash-sale rules to digital assets. 🔸 The bills will require bipartisan support to advance through committee before any amendments can be considered. If approved, some provisions could potentially be included in a future reconciliation package, which only requires a simple majority vote in Congress. ‍#DailyHighlights $BTC $SOL $HYPE

6.10 Midday Analysis From the 1-hour chart perspective, the current price is trading below the middle band of the Bollinger Bands, with the upper band continuously pressing downward, remaining in a generally weak oscillation pattern. However, the lower band of the Bollinger Bands has formed a clear support, with the price testing this zone multiple times without a significant breakdown. After touching a low of 60758, it stabilized and rebounded, with doji and small-bodied bullish candlesticks gradually signaling a halt to the decline. Additionally, the Bollinger Bands are narrowing, indicating that short-term downward momentum is weakening, providing room for short-term bullish trading. The current price of 61193 is close to the lower Bollinger Band support zone and also at the lower edge of the previous consolidation platform, making the risk-reward ratio for long positions relatively favorable. Trading suggestion: Buy low at 60300-60800, $HYPE target 62300-62800.

Wednesday, CPI release, intra-day volatility at key points, go long high, go short low! Yesterday, intra-day performance was volatile, with various bearish signals during the US trading session instantly swallowing gains, US stocks plummeted, and tensions between the US and Iran resurfaced. Market sentiment remains tense. Before CPI, prices dropped sharply, and the short-term hawkish rate hike expectations have become even stronger. On the daily chart, the range-bound oscillation is excessive. From a technical perspective, on the daily chart, the four-hour moving averages are all in a bearish alignment, and the medium-term downtrend has not yet reversed. Only the short-term hourly chart has entered an oversold zone. Based on the current pace, the probability of a sudden breakdown is not high. Support below at 60,700-60k is obvious. During this process, some time is needed to change the space. Without major news impacts, short-term continuation of a single-sided decline should be difficult. As uncertain data approaches, market expectations are generally high. If it falls below 4.0, a significant rebound may occur. Previously, we were overly focused on range-bound thinking; intra-day key point trading! The most important thing is tonight’s CPI data: Above expectations: bearish, quick decline to test 60,000 support Below expectations: short-term bullish, rebound to challenge resistance above 64,600 Bitcoin, 619-623 range, watch 608-604. If it hits here without breaking, go long again, aiming for a small rebound of around 800 points. Altcoin, 1645-55 range, watch 1610-1580. If it hits here without breaking, go long again, in sync with Bitcoin! That’s all for now. Wishing everyone smooth trading and good luck! #Gate直通IPO认购SpaceX #贝莱德减持BTC增持ETH $BTC $ETH $SOL