after trump announce about casefire between iran and israel, Bitcoin showing bounce back from critical support into critical resistence. Ethereum also do the samething.

now, what will happen? lets check big event in economic sectors.

  • U.S Econimic Release. Consumer Cofidence, PCE Price Index, housing sales, and business activity data is due - investor will look closely about this, Jerome Powell speak about PCE.

  • Geopolitical Tension. Iran-Israel conflict have friven oil price higher and nato summit (June 24-25)

Looking at this event, this will has impact into $BTC and $ETH especially. what the scenario?

  1. if PCE drop and Powell speak hawkish, big chance crypto will drop, Bitcoin may drop into critical resistence at ~$98k again.

  2. Geopolitics tension increase after the casefire, short-term bullish may hapoen cause crypto will be act as safe heaven assets. but, if crude oil price move higher, this may cause correction due to global inflation.

Now, whats the idea?

at current situation, bitcoin may trade sideway around $102k - $104.5k, as my preditcion, there are no big factor to make price drop or bull in short time.

Disclaimer: its only my opinion, i dobt have any position nor holding $BTC or $ETH