Today is the Dragon Boat Festival. Once again, I wish my friends and partners a happy Dragon Boat Festival. May the journey be long and successful.

Fed Chairman Powell said that although the Fed paused its rate hikes once this month, there is still "a long way to go" to fight inflation, reiterating the need for rate hikes. Nothing unexpected. Hawkish remarks.

Today I will continue to briefly analyze BTC, but I will briefly look at each level. After this brief analysis, I feel that my thoughts are much clearer. If you have different opinions, you are welcome to communicate with us.

1. Weekly level: The weekly downtrend channel was broken. Yesterday, it broke through the 30,000 pressure level and challenged the previous high. Now it has reached the upper edge of the channel. We need to see whether it will break through the barrier in one fell swoop. Or it will go sideways or continue after adjustment. We need to observe.

2. Daily level: Same as weekly level, breaking the channel. Yesterday, a long positive line reached the upper edge of the channel. It is obvious that it is consolidating here now. It may consolidate here for two or three days before the market gives a direction.

3. 12-hour level: from large to small, and from small to large. You can observe the 12-hour level to support the judgment of the daily level.

4. 4-hour level: Entering a narrow range of fluctuations, shorting is a bit counter-trend, and the profit and loss ratio of longs is also average. It may be better to wait.

5. 1-hour level: You can see that the market has been fluctuating in a narrow range for several hours. There are still differences between long and short positions here. It depends on which side is stronger. At this time, short-term trading can choose to wait for the direction to be determined or directly wait for a callback to go long.

In summary: I personally think you can wait for two or three days to see what opportunities the market offers. If you don’t have a position, you can open a small position but pay attention to a wide stop loss.

Conclusion: Irregular daily reviews are only for organizing one's own investment ideas. Views are also formed based on one's own cognition. The corresponding currencies are only for reference and do not constitute advice. DYOR.