Bitcoin daily level, continuing to converge in a triangular adjustment.
Bitcoin is expected to range between 107500-106000, with an anticipated rise and fall;
Altcoin is expected to range between 2660-2580, with an expected trend of rise and fall; the pressure level around 2650 can be tested for a short position
This week's data news
Monday 20:30 USA June New York Federal Reserve Manufacturing Index
Tuesday (announced between 8-14) Bank of Japan announces interest rate decision; 14:30 Bank of Japan Governor's monetary policy press conference; 20:30 USA retail sales month-on-month
Wednesday 20:30 USA initial jobless claims for the week ending June 14
Thursday 02:00 Federal Reserve FOMC announces interest rate decision and economic outlook summary
Thursday 02:30 Powell holds a monetary policy press conference
Market Analysis
The weekend sideways fluctuation has stopped falling. The confrontation between Israel and Iran has been digested; unless there is a nuclear leak or the Strait of Hormuz is blocked causing oil prices to soar (inflation expectations), the impact is not significant. There are no important data events on Monday, and a rising trend occurred during the day, which is expected to continue into the evening; however, do not be overly optimistic, as in the absence of favorable news, a rise will lead to profit-taking selling pressure. Gold is expected to rise and then fall.
Multi-day expectations
This week pay attention to Tuesday's Bank of Japan interest rate decision and press conference, and Thursday's Federal Reserve interest rate decision (expected no rate cut) and Powell's press conference (important)
Bitcoin main range looks at 108000-104000; altcoin looks at 2700-2500; #BTC #BTC🔥🔥🔥🔥🔥 #eth #ETH🔥🔥🔥🔥🔥🔥
