Recently, the market has been heavily influenced by the war. $BTC rebounded after falling to the EMA daily chart support level. Today, Israel and Iran suddenly talked about ceasefire and peace, coupled with the increasing probability of interest rate cuts by The Federal Reserve (FED) in July, which are the main reasons for this market pump.

As for whether the market has completely turned bullish, I don't think so.
Although Iran and Israel have temporarily ceased fire, there is still a possibility of them clashing again. As for the increased probability of interest rate cuts by The Federal Reserve (FED) in July, that's all just talk; whether it's true or false will have to wait until they actually cut rates. Currently, this wave of increase is merely an emotional release in response to these favorable news.
Whether the market has completely reversed depends on whether $BTC can thoroughly break through and stand above 108000.
However, the biggest bearish news in the market has temporarily disappeared, which is a good thing. In the next few days at the end of June, the market is likely to be in a wide-ranging consolidation trend, allowing us to comfortably trade in segments again.
Next, we will wait to see if the Federal Reserve truly cuts interest rates in July and if any other news can stimulate the market.
#伊朗以色列停战 # BTC #ETH