Highlights of June 26
Trump's 90-day tariff suspension deadline will automatically take effect on July 9, and if the tariff policy resumes, it will have a significant impact on global inflation, supply chains, and market volatility. The EU is preparing to impose retaliatory tariffs to ensure a better trade agreement with Trump.
Loose monetary policy may be delayed until September or later, emphasizing the dual mandate of inflation and employment, predicting one or two rate cuts this year or by the end of the year, but no plans in the near term.
BTC has calmed down with the easing of the Iran conflict, Powell's speech leaning slightly dovish, and the impending expiration of the 90-day tariff suspension. This round of Bitcoin has seen a drop from 98k to the current point in just three days, entirely relying on Bitcoin's performance with fluctuations over ten thousand points. The daily chart shows a bullish candle, with a clear strong resistance level at 1085k on the four-hour chart. During the day, attention can be paid to the 1085-109000 range, while the lower range to watch is 1055-106.
ETH's daily chart shows a bullish candle in sync with Bitcoin. Yesterday, we watched Bitcoin's performance, and today we look for Ethereum's rebound. It's a rotation. The four-hour chart shows a strong resistance level at 2520-2560, making it difficult to stabilize. During the day, pay attention to the strong resistance level on the four-hour chart above, and the support level below at 2400-2440.
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