June 25th Feige Speech Currency: Market Analysis
BTC: With the easing of the Israeli conflict, Powell's speech slightly leaning dovish, the impending expiration of the 90-day tariff suspension, and the SEC's delay in reviewing the spot ETF, four major hot topics are intertwined (see the explanation in the image below). Especially in the face of high tariffs, the market is like a startled bird, and a panic sell-off may be imminent! Purely from a technical perspective, the daily line has closed with a bullish candle, breaking the upper red downward trend line, with two key resistance levels in the 107-109 range in the short term. However, considering the macro factors mentioned above, the space for short-term increase is small, while the hidden risks are extremely high. Looking at the 4-hour chart, after a significant rise in volume on the early morning of the 24th, yesterday's K-line was slightly up overall, but the long upper shadow indicates a tug-of-war between bulls and bears, with bears continuously building positions! For intraday operations, pay close attention to the resistance at the 1065-1075 level on the upside, and focus on the support at the 1055-1045 level on the downside.
ETH: The daily line has two consecutive bullish candles, and after hitting the upper 14-day moving average, it has begun to pull back. The peak of this rebound is at the 2480 level, which coincides with the bottom of the range that has been fluctuating for more than a month. There is a huge amount of trapped positions above 2480, and without positive stimuli, external funds (gold, USD, bonds) have not entered the market, making it difficult for the market to achieve a breakthrough rise (liquidity is insufficient). Looking at the 4-hour chart, after the significant rise in volume on the early morning of the 24th, overall it has maintained an upward trend, but the K-line pattern does not conform to the structure of steady growth, with multiple high points followed by pullbacks; it is currently forming an arc, and if it breaks below 2380 again during the day, it will accelerate the decline. For intraday operations, pay close attention to the resistance at the 2450-2480 level on the upside and focus on the support at the 2410-2380 level on the downside.
