Recently, the market has been heavily affected by the war. $BTC rebounded after falling to the EMA daily support level. Today, Israel and Iran suddenly announced a ceasefire. Additionally, the increased probability of a rate cut by the Federal Reserve in July is the main reason for this market rally.

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 renewed conflict. The increased probability of the Federal Reserve cutting rates in July is all talk; we will have to see if they actually do it. Currently, this wave of上涨 is just a release of emotions regarding these positive news.

Whether the market has completely reversed depends on whether $BTC can truly break above 108,000.

However, the fact that the biggest negative news in the market has temporarily disappeared is a good thing. The market for the next few days at the end of June is likely to be a wide-ranging fluctuation, and we can be relieved to trade in segments again.

Next, we will wait to see if the Federal Reserve actually cuts rates in July and any other news that could stimulate the market.

#IranIsraelCeasefire #BTC #ETH