Trump recently had intense clashes with Federal Reserve Chairman Powell. Last Sunday, he criticized Powell on Fox News for 'artificially raising interest rates, should be cut in half,' calling him 'terrible,' and stated, 'the target interest rate should be between 1% and 2%' (currently 4.25%-4.5%), insulting him as 'a fool, a bad person.' This continues his previous tough stance threatening to fire Powell, now taking the route of 'insult + public pressure.' Last Friday, he also stated that in future nominations for Federal Reserve Chairman, those who do not support interest rate cuts will be excluded, even saying 'I support Powell's resignation'; although it seems like we are watching a play, this is indeed his style. Additionally, U.S. consumer spending data for May showed a month-on-month decline of 0.1%, below the expected increase of 0.1%, but the core PCE year-on-year rose to 2.7%, a new high since February 2025, with a month-on-month figure of 0.2%, double the expectation. This data puts the Federal Reserve in a dilemma, with traders betting that the Federal Reserve will cut interest rates three times in 2025 to address this contradictory situation.
From a market perspective, the daily level shows that a long upper shadow was formed yesterday, indicating strong selling pressure at high levels. Today it closed with a small bearish candle, and prices have retreated, possibly entering an adjustment phase in the short term. The hourly level has seen significant fluctuations recently, with 108800 being a local high point, and current prices are in a downward trend. The technical indicator MACD on the hourly chart shows the fast and slow lines gradually converging, with red bars shortening and momentum weakening, indicating the possibility of further adjustments. The RSI on the hourly chart has retreated from the overbought zone (69.4) to 54.8, showing weakened bullish strength, but has not yet entered the oversold area. The EMA 7-period moving average on the hourly chart has been broken, with prices hovering around EMA30, while EMA120 remains upward, indicating an overall bullish trend but short-term pressure. In terms of operations, we continue to maintain the ideas previously mentioned by Yan Ling, focusing on buying on dips and shorting at high levels.
Yan Ling's short-term trading strategy for June 30:
1. Buy at 106600-107400, stop loss below 105500, target 108000-108800
2. Sell at 109000-108300, stop loss above 11000, target 107500-106500
Yan Ling's short-term trading strategy for June 30 for Ethereum:
1. Sell at 2520-2490, stop loss above 2560, target 2450-2420-2390
2. Buy at 2410-2440, stop loss below 2370, target 2480-2520$BTC $ETH
