Something big has happened! Today's BTC market is迎来 the 'calm before the storm'!

News Interpretation

MicroStrategy is aggressively buying, spending 10,100 BTC, valued at over 1 billion USD

The company has just completed a public offering of 'STRD' preferred shares, raising 1 billion USD, which will be used to purchase 10,100 Bitcoins. Their analysts indicate that this is highly favorable for common stock, continuing to support its aggressive positioning in BTC.

Geopolitical shocks are still brewing—tensions between Israel and Iran

The Israel-Iran conflict has caused a 0.7% pullback in BTC, dropping near 106,000 USD. Analysts point out that as long as the conflict continues to escalate, BTC may face further shocks; if a peace dawn occurs, it is expected to warm up in the medium to long term.

Countdown to the Fed FOMC meeting, potential for catalytic volatility

The market generally expects that more details on the balance sheet reduction path will be revealed in the interest rate decision on June 18. Traders are on guard for any comments on interest rate hikes or balance sheet reductions that could suppress risk assets, including BTC.

ETF funds are surging, with net inflows of thousands of BTC

The bullish momentum remains, with a total net inflow of several thousand BTC from spot ETFs such as BlackRock and Australia's Monochrome, showing strong capital driving in the short term.

Technical Analysis

From today's K-line, BTC continues to fluctuate between 105,000 and 111,000:

Moving Average Structure: MA7 (gold line) and MA30 (yellow line) are currently intertwined and consolidating. However, from the daily chart, the short-term moving averages have not clearly formed a death cross, indicating that there may still be upward space.

Key Support/Resistance: The support level is concentrated between 104,000 and 105,000 USD; if it fails to hold, a drop to 100,000 or even 98,000 is possible. The resistance is locked in the range of 111,000 to 112,000 USD, with several attempts to break through.

Trading Volume and Volatility: The trading volume has slightly increased, with some shorts being liquidated, indicating that risk-averse funds are returning, and there may be signs of a short-term market rebound.

BTC is now in the 'calm before the storm'. The key factors to watch are the direction of the FOMC and geopolitical movements. The subsequent market direction, both the news and technical aspects, deserve close attention.

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