Today is Tuesday, June 17, 2025
U.S. stocks closed higher on Monday, with the Dow Jones initially up 0.77%, the S&P 500 up 0.9%, and the Nasdaq up 1.5%. Nvidia (NVDA.O) rose by 1.9%, and cryptocurrency-related stocks saw a general increase, with Circle (CRCL.K) up 13% and Co-base (COIN.O) up nearly 8%. The Nasdaq Golden Dragon China Index rose by 2%, Alibaba (BABA.N) gained 2.76%, and Bilibili (BILI.O) surged over 5%. According to CME's 'Fed Watch': the probability that the Federal Reserve will keep interest rates unchanged in June is 99.8%, while the probability of a 25 basis point cut is 0.2%. The probability that the Federal Reserve will maintain interest rates in July is 87.5%, the cumulative probability of a 25 basis point cut is 12.5%, and the cumulative probability of a 50 basis point cut is 0%. The cryptocurrency market rose across the board last night, with Bitcoin reaching a high of around 108,950 and Ethereum hitting a high of around 2,680, but in the morning session, it experienced a significant 15-minute bearish candle due to news impact, and is currently in a price recovery phase! The Federal Reserve's interest rate meeting is approaching, and we should pay attention to changes in news conditions!
Yesterday's market once again completed its movement, and our bullish outlook and continued preference for long positions have been accurately grasped. It can be said that it's been consistently profitable. Currently, Bitcoin has broken through the 108 level, and our strategy target point has been reached again. In actual trading, we have consistently maintained the rhythm of buying on dips. Bitcoin and Ethereum have been maintaining the same rhythm and pattern recently, but the daily space for Ethereum is still slightly lacking. Currently, the medium bullish candle is moving upwards, while Bitcoin is showing a strong bullish candle moving up. The bull market continues, albeit in a somewhat stretched manner. The bullish outlook given at the end of last week has led Bitcoin to recover to the 110,000 mark. Now, it just needs a small push to reach that point, with the daily line closing high, forming a bottom rebound pattern. The previous saying applies: the deeper the pullback, the higher the rise, which has been validated. After a period of consolidation in the 4-hour chart, it has stabilized above the 104 level and is moving up, with a good upward trend and limited pullback space, indicating a strong upward market. Today, I have also reminded multiple times that a strong trend does not imply a peak. Do not blindly guess the peak; as long as we give Bitcoin a chance, it will provide us with unexpected strength, as the bull market has not yet ended. The 1-hour chart has a stronger pattern, with each pullback low not breaking previous lows, and the trend line has clearly shifted to a bullish trend. The morning outlook remains unchanged; pullbacks give us opportunities to enter long positions. Once we reach the upper key level, we will assess the market trend and smaller structures for potential short positions, but do not prematurely guess the peak. #Michael Saylor hints at increasing BTC holdings ##New developments in ETF issuance#
