No interest rate cuts in June. Since everyone expects no cuts, the fluctuations are not large. However, overall, it is bearish.

I checked the Federal Reserve's balance sheet, and it continues to shrink, which is not very good; I think it is bearish, but June is not over yet, so let's see at the end of June whether the Fed follows through on the repurchase mentioned in its meetings.

Considering the entire situation in the Middle East, if the U.S. does not intervene and strike Iran, Israel, as a smaller ally, will be in trouble, and its credibility will basically be gone. If it strikes Iran's nuclear facilities, domestic opposition will rise sharply, and the Fed's GDP forecast being downgraded to 1.4% will make things worse.

June and July are critical, especially June; for Bitcoin, there are also ETF purchases. If the ETF experiences continuous outflows, like the drop from 109 to 740, it is best to take profits early to prevent profit erosion.

Recently, it is necessary to closely monitor the progress of all parties when making operational decisions.