Elizabeth Warren has reportedly called on the SEC to closely review the proposed SpaceX IPO.
According to Warren, there are three major concerns:
▪️ Elon Musk's level of control over the company ▪️ Corporate governance risks for future public investors ▪️ Potential foreign investment concerns, particularly involving a company that serves as a key U.S. defense contractor
The debate is heating up as SpaceX moves closer to the public markets.
What do you think—reasonable oversight or unnecessary interference? 👇
$ARB Arbitrum (ARB) Technical Analysis – June 2026
Arbitrum (ARB) remains in a broader bearish trend on higher timeframes, but several indicators suggest it is becoming oversold and may be approaching a relief-bounce zone.
📊 Trend Overview
Daily trend: Bearish
Price remains below major moving averages (50 EMA & 200 EMA)
MACD remains weak
RSI is near oversold territory, indicating sellers may be losing momentum.
🎯 Key Levels
Support Zones
$0.11 – $0.10
Major support: $0.09 – $0.08
Resistance Zones
$0.12
$0.14
$0.17 – $0.18
A break above $0.12 could trigger a recovery toward $0.14–$0.18, while losing the $0.09–$0.08 area would likely open the door to fresh lows.
🐂 Bullish Scenario
RSI is deeply oversold.
Short-covering rally could push ARB toward $0.12–$0.18.
Continued growth of the Arbitrum ecosystem and institutional adoption remain positive long-term factors.
🐻 Bearish Scenario
Token unlock pressure continues to weigh on price.
Most trend indicators remain bearish.
Failure to reclaim resistance could lead to another leg down toward $0.08 or lower.
Trading Setup
🚀 Aggressive Long
Entry: $0.09 – $0.10
Stop Loss: Below $0.08
Targets:
$0.12
$0.14
$0.18
📉 Bearish Continuation
If ARB loses $0.08 support on strong volume:
Target 1: $0.07
Target 2: $0.06
Conclusion: ARB is still technically bearish, but it is entering an oversold region where a relief rally becomes increasingly likely. Bulls need a decisive break above $0.12 to confirm a trend reversal.
The latest CPI data is out, and Bitcoin has bounced strongly after the recent sell-off. However, this is not the ideal place to blindly jump into leveraged positions. ⚠️
BTC is currently trading near $63,000, with immediate resistance around $63,500. The major resistance zones remain at $65,000 and $68,000.
Historically, after a sharp correction, Bitcoin can stage powerful relief rallies of $10,000–$20,000, but these moves are often accompanied by weeks of volatile and choppy price action. June and July could remain highly unpredictable.
📍 Key Levels to Watch • $60K–$61K: Strong spot accumulation zone • $65K: Consider booking 50% profits • $68K: Consider taking remaining profits and watch closely for potential rejection opportunities
My plan: ✅ If BTC pulls back toward $60K–$61K from the $63K–$63.5K area, I will add more to my spot holdings. ✅ If BTC rallies directly toward $65K, I will take partial profits from my previous spot entries. --- 🚀 SpaceX IPO Thoughts
Many people have been asking about the SpaceX IPO.
The hype is extremely strong, and a short-term surge after listing is certainly possible. However, at an estimated valuation near $1.75 trillion, a significant amount of future growth may already be priced in.
This is not the type of opportunity I would blindly FOMO into. If the stock opens at an aggressively high valuation, volatility and sharp corrections could follow.
My approach is simple: I would rather wait for the market's reaction after listing than chase the initial excitement. For now, I am staying on the sidelines. 🤝 --- 📊 Altcoin Outlook
As always, Ethereum (ETH) and Solana (SOL) are likely to follow Bitcoin's direction. If BTC continues higher, both could benefit. If BTC faces rejection at key resistance levels, expect ETH and SOL to experience similar pullbacks.
:::writing{variant="social_post" id="58241"} 🚨 Bitcoin ($BTC ) at a Critical Crossroads
Current Price: $61,200
Bitcoin is hovering just above a major support zone, and the $60,000 level is facing intense selling pressure. Price action has been tightening into a narrow range, creating the conditions for a potentially explosive move in either direction.
📉 Bearish Scenario: If BTC confirms a breakdown below $60K, the next major downside target could be the $42,500–$44,700 range during Q3–Q4.
⚠️ Risk Management Matters: Traders holding long positions may want to reassess their exposure and have a clear plan in place. A confirmed break of support could present attractive short-selling opportunities.
The market is reaching a decisive moment. Volatility is likely to increase sharply once Bitcoin chooses its next direction.
$ETH Ethereum ($ETH ) needs to secure a daily close above the February low at $1,748 to signal the first signs of a potential recovery. As long as the price remains below this level, the broader trend continues to favor the bears.
A successful daily close above $1,748 could open the door for a relief rally, with $1,950 acting as the next major upside target.
On the downside, the $1,550–$1,600 zone remains a critical support area to monitor. If ETH loses this support range, selling pressure could accelerate and drive the price toward $1,365, which stands as the next significant support level.
For now, traders should closely watch the reaction around these key levels, as they are likely to determine Ethereum's next major move. :::