6.28 Macroeconomic Market Analysis

Good afternoon, brothers. It's the weekend again. This week we witnessed a de-escalation in the Israel-Palestine situation, dovish remarks from within the Federal Reserve, Trump considering a shadow chairman for the Federal Reserve, and Guotai Junan Securities in Hong Kong becoming the first licensed cryptocurrency trading broker among Chinese firms, sparking a capital frenzy.

A few months ago, we analyzed Trump's strategy: using tariff trade wars to suppress BTC prices, allowing family interests to accumulate at lower levels (around $80,000-$90,000). However, when prices fell, some chose to cut losses. Yesterday, U.S. Treasury Secretary Basant stated that the U.S. is close to reaching many trade agreements. Basant mentioned that Washington hopes to complete trade negotiations with several countries before early September.

Currently, U.S. stocks have rebounded significantly from the brink of a bear market to new highs, with the S&P 500 index rebounding 23% in 89 days. The new highs in U.S. stocks are about to impact BTC!

On-chain data shows that BTC continues to flow out of exchanges. Yesterday, 10,000 BTC worth $1 billion flowed out of Coinbase.

A major movement should be coming soon; make sure to stay steady and not sell prematurely. Next month, BTC should be able to break through the $110,000 mark. Now is not suitable for swing trading; it is recommended to primarily hold BTC.

This analysis is for informational purposes only; adults should take responsibility for their own decisions. Investing carries risks; please invest with spare money and think independently.