Latest news! On the news front, Trump is highly likely to take action against Iran, using this to pressure old Powell to cut interest rates. US bonds are expected to bleed by the end of June, and Thursday night's meeting is likely to see old Powell insist on stabilizing interest rates. CME estimates that the chance of no rate cut in June is as high as 97.3%.

The sentiment of not cutting rates has already been digested and absorbed by the market, having little impact. In May, retail sales in the beautiful country experienced the largest decline, showing the negative effects of the trade war. Yesterday, US stocks closed lower, and the Senate in the beautiful country will vote on the stablecoin bill. I believe these are the main factors stimulating the market. The northbound trend remains mainstream.

Looking at the charts, the price of Bitcoin fell south after touching around 1086 yesterday, directly forming a southward single-sided trend. It dropped to the support at 1033, entering a tug-of-war oscillation, currently around 1045.

In the short-term operation, although we are in an oscillation period, there is a possibility of a northbound recovery in market sentiment. The 4-hour MACD has formed a death cross, and the southward momentum is weakening, with RSI nearing the oversold zone. It may be a good time to enter with a low long position. Support level at 1040, resistance level at 1065. Enter with a light position and set a good stop loss, as recent fluctuations are large; stability is key!