According to market intelligence, on June 19, macro analyst Adam pointed out in his analytical briefing that the investment community showed cautious pessimism about the near-term market outlook after Fed Chair Powell's FOMC announcement. Traders are preparing for a possible downtrend with the July option placement while maintaining a positive delta position in Q4.

The market is mainly focused on two aspects: first, whether bitcoin can form a solid support at the $105,000 level, and second, the impact of ongoing geopolitical tensions in the Middle East on market trends. It is worth noting that the market generally believes that even if the political landscape changes, the Fed's monetary policy is unlikely to turn sharply, and the probability of a rate cut in the near future is low.

This market sentiment reflects investors' strategic adjustments under current macroeconomic uncertainties, with short-term defenses and long-term layouts running in parallel. As global economic and political situations continue to evolve, asset price fluctuations may further intensify, and investors need to maintain a flexible response posture.