Adrenochrome

Bitcoin daily range..

We have just been consolidating since the FOMC this morning, and currently, there is a possibility that we are in a build-up phase for liquidity..

Overall Daily range from yesterday can still be used..
So either the price will break down for the continuation of the recent trend, and test the Demand area in the range of $102,000 - $100,250..

Or we will be taken up first to test the previous High.

My personal bias is still Bullish, and I much prefer to look for Long setups for trading today..

However, the US market is on holiday tonight, so it’s very likely that the movement will tend to be slow.

#USNationalDebt
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According to Cointelegraph, the cryptocurrency market currently shows patterns reminiscent of 2017, the year when Bitcoin experienced steady growth before a dramatic spike in December. Raoul Pal, CEO of the crypto research platform Real Vision, highlighted these similarities in a recent video. Pal predicts a longer crypto cycle this time, citing his macroeconomic model, the business cycle score, which remains below 50, indicating gradual growth.
Bitcoin's performance in 2017 saw it start the year at around $1,044, reaching $2,187 by the end of May, and closing the year at $14,156, marking a significant increase of 1,255%, according to CoinMarketCap data. Pal speculates that the weakening of the US dollar suggests that the current crypto cycle may continue until the second quarter of 2026. The US Dollar Index (DXY) has decreased by 8.99% since January 1, currently standing at 98.77, according to TradingView data. The inverse correlation between Bitcoin and DXY makes Bitcoin more appealing both as a speculative investment and as an alternative currency when the dollar weakens.

According to Cointelegraph, the cryptocurrency market currently shows patterns reminiscent of 2017, the year when Bitcoin experienced a steady rise before a dramatic spike in December. Raoul Pal, CEO of the crypto research platform Real Vision, highlighted these similarities in a recent video. Pal predicts a longer crypto cycle this time, citing his macroeconomic model, the business cycle score, which remains below 50, indicating a gradual rise.
Bitcoin's performance in 2017 saw it start the year at around $1,044, reaching $2,187 by the end of May, and closing the year at $14,156, marking a significant increase of 1,255%, according to CoinMarketCap data. Pal speculates that the weakening US dollar suggests that the current crypto cycle may continue until the second quarter of 2026. The US Dollar Index (DXY) has dropped by 8.99% since January 1, currently standing at 98.77, according to TradingView data. The inverse correlation between Bitcoin and DXY makes Bitcoin more appealing both as a speculative investment and as an alternative currency when the dollar weakens.

$BTC
According to Cointelegraph, the cryptocurrency market currently shows a pattern reminiscent of 2017, the year when Bitcoin experienced steady growth before a dramatic spike in December. Raoul Pal, CEO of the crypto research platform Real Vision, highlighted this similarity in a recent video. Pal predicts a longer crypto cycle this time, citing his macroeconomic model, the business cycle score, which remains below 50, indicating a gradual increase.
Bitcoin's performance in 2017 saw it start the year at around $1,044, reach $2,187 by the end of May, and close the year at $14,156, recording a significant increase of 1,255%, according to CoinMarketCap data. Pal speculates that the weakening US dollar suggests that the current crypto cycle may continue until the second quarter of 2026. The US Dollar Index (DXY) has decreased by 8.99% since January 1, currently standing at 98.77, according to TradingView data. The inverse correlation between Bitcoin and DXY makes Bitcoin more attractive both as a speculative investment and as an alternative currency when the dollar weakens.

#BagikanPendapatAndaTentangBTC
The bill to create a Bitcoin reserve for the state of Arizona has been revived after the state Senate passed a motion to reconsider the bill on Thursday. Bill 2324 was initially rejected in the House during the third reading on May 7, but will now return to the assembly for reconsideration after the Senate voted 16-14 in favor of the action.

The Senate's reconsideration vote for the Republican-backed bill was almost entirely along party lines, with Republican Jake Hoffman being the only member of his party to vote against the bill. For reference, only legislators who initially voted against the bill can motion for reconsideration, and in this case, Republican Senator Jane Shamp is the one.

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Thailand's ambition to become a Crypto hub is growing. This Southeast Asian country located on the Indochina Peninsula is moving to eliminate all capital gains tax on Crypto for the next 5 years. Last Tuesday, this Crypto tax elimination measure was announced by Julapun Amornivivat, the Deputy Minister of Finance in the Thai government.

The new Crypto-friendly regulation will free taxes from January 1, 2025, to December 31, 2029. All capital gains earned from the sale of digital assets through licensed exchanges, brokers, and Crypto dealers will qualify for full Crypto tax exemption. This move comes just one month after the Thai government introduced the G token, which is an investment bond issued by the government.

$BTC At the market 🟡
We continue to hover around $104,000, showing no significant push.
Given this dynamics, we will soon be sent back to the lower boundary of the trading channel. Because the buying volume at this level is not very encouraging...

#SwingTradingStrategy Maximizing short-term profits with intelligent #SwingTrading strategies! This approach targets price "swings" in stocks, crypto, or forex over several days to weeks. Traders use technical analysis—such as candlestick patterns, RSI, and moving averages—to capture trends early and exit before momentum fades. Risk management is key: always set stop-loss and take-profit levels. Ideal for those who cannot monitor the market all day but still want to participate actively. Patience, discipline, and solid chart-reading skills turn swing trading into a powerful tool for consistent returns.

#XSuperApp
XSuperApp appears to be the concept of a super app, an all-in-one platform that integrates various services such as messaging, payments, e-commerce, and more.

#CryptoStocks
In a significant step underscoring its commitment to the Cryptocurrency sector, JPMorgan Chase has officially announced the launch of its new token, JPMD, designed as a digital representation of commercial bank deposits. This innovative deposit token will operate on the public blockchain Coinbase, Base, built on Ethereum, marking an important step in bridging the traditional banking system with the rapidly evolving world of digital assets.
Naveen Mallela, head of global Kinexys, JPMorgan's blockchain unit, highlighted that JPMD is set to revolutionize on-chain digital asset settlements and cross-border business-to-business transactions. “Institutions are seeking efficient and reliable on-chain cash solutions, and JPMD is designed to meet that demand,” he stated.

#PowellRemarks
In a significant step that underscores its commitment to the Cryptocurrency sector, JPMorgan Chase has officially announced the launch of its new token, JPMD, designed as a digital representation of commercial bank deposits. This innovative deposit token will operate on the public Coinbase blockchain, Base, built on Ethereum, marking an important step in bridging traditional banking systems with the rapidly evolving world of digital assets.
Naveen Mallela, global head of Kinexys, JPMorgan's blockchain unit, highlighted that JPMD is poised to revolutionize on-chain digital asset settlement and cross-border business-to-business transactions. "Institutions are seeking efficient and reliable on-chain cash solutions, and JPMD is designed to meet that demand," he stated.

$USDC
In a significant step that underscores its commitment to the Cryptocurrency sector, JPMorgan Chase has officially announced the launch of its new token, JPMD, designed as a digital representation of commercial bank deposits. This innovative deposit token will operate on the public blockchain Coinbase, Base, built on Ethereum, marking an important step in bridging traditional banking systems with the rapidly growing world of digital assets.

Naveen Mallela, head of global Kinexys, JPMorgan's blockchain unit, emphasized that JPMD is set to revolutionize on-chain digital asset settlement and cross-border business-to-business transactions. "Institutions are seeking efficient and reliable on-chain cash solutions, and JPMD is designed to meet that demand," he revealed.

#GENIUSActPass
El Salvador, the first country in the world to adopt Bitcoin as legal tender, continues to buy Bitcoin despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that includes provisions restricting further accumulation. The government's cash wallet currently holds 6,209 Bitcoin, having added 240 BTC since December 19, 2024, after the IMF deal was announced.
In December, El Salvador made a deal with the IMF for a $1.4 billion loan, which required the government to revoke Bitcoin's status as legal tender and stop the public accumulation of BTC. However, when asked about the purchases, Rodrigo Valdes, director of the Western Hemisphere Department at the IMF, stated that the country remains technically compliant. “El Salvador continues to adhere to their commitments not to accumulate Bitcoin by the overall fiscal sector,” he explained.

#MyTradingStyle
El Salvador, the first country in the world to adopt Bitcoin as legal tender, continues to buy Bitcoin despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that includes provisions hindering further accumulation. The government’s cash wallet currently holds 6,209 Bitcoin, having added 240 BTC since December 19, 2024, after the IMF agreement was announced.
In December, El Salvador made a deal with the IMF for a $1.4 billion loan, which required the government to revoke Bitcoin's status as legal tender and stop public BTC accumulation. However, when asked about the purchases, Rodrigo Valdes, director of the IMF's Western Hemisphere Department, stated that the country remains technically compliant. "El Salvador continues to adhere to their commitments not to accumulate Bitcoin by the overall fiscal sector," he explained.

$USDC El Salvador, the first country in the world to adopt Bitcoin as legal tender, continues to buy Bitcoin despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that includes provisions hindering further accumulation. The government's cash wallet currently holds 6,209 Bitcoin, having added 240 BTC since December 19, 2024, after the IMF agreement was announced.

In December, El Salvador made a deal with the IMF for a loan of $1.4 billion, which required the government to revoke Bitcoin's status as legal tender and stop further public BTC accumulation. However, when asked about the purchases, Rodrigo Valdes, director of the IMF's Western Hemisphere Department, stated that the country remains technically compliant. "El Salvador continues to comply with its commitments not to accumulate Bitcoin by the overall fiscal sector," he explained.

#FOMCMeeting The FOMC (Federal Open Market Committee) meeting is currently underway, scheduled for June 17-18, 2025. During this meeting, the committee will discuss and decide on monetary policy, including setting interest rates. The FOMC holds eight regularly scheduled meetings per year, and these meetings play a crucial role in shaping the US economy.

*Key Details:*

- *Meeting Schedule*: June 17-18, 2025
- *Meeting Frequency*: 8 times a year
- *Purpose*: To discuss and set monetary policy, including interest rates

After the meeting, the FOMC will release a statement outlining their policy decisions, which can impact the stock market, including indices like the S&P 500 and Nasdaq. You can track the probabilities of interest rate changes using tools like CME FedWatch.

#VietnamCryptoPolicy Vietnam has recently made significant strides in cryptocurrency regulation. Here's what's happening:

*Key Developments:*

- *Legalization of Crypto*: Vietnam's National Assembly approved the Law on Digital Technology Industry on June 14, 2025, which legalizes crypto assets and brings them under regulatory oversight.
- *Regulatory Framework*: The law classifies digital assets into two categories: virtual assets and crypto assets, with the government responsible for classification, management criteria, and business conditions.
- *Anti-Money Laundering Measures*: The legislation includes cybersecurity and anti-money laundering safeguards aligned with international norms to address concerns raised by the Financial Action Task Force (FATF), which has had Vietnam on its gray list since 2023.
- *Crypto Adoption*: Vietnam ranked fifth globally in cryptocurrency adoption in 2024, according to Chainalysis, and has been a leader in crypto adoption in previous years.

*Government Initiatives:*

- *Digital Tech Hub*: Vietnam aims to become a digital tech hub, with incentives for enterprises working in AI, semiconductors, and digital infrastructure, including tax breaks, land-use benefits, and R&D support.
- *Workforce Development*: Regional governments will support workforce development through subsidies and training programs, integrating digital tech skills into national curricula.

#MetaplanetBTCPurchase A group of parliament members has made efforts for France to consider Bitcoin mining, particularly as a means to manage its large electricity system and strengthen its energy sovereignty. A legislative proposal for this purpose has been submitted in Paris, and its drafters hope the government will agree to assess the potential of cryptocurrency-related activities in other areas as well.
On Friday, a group of parliament members submitted a draft amendment to the law on "National Programming and Simplification of Regulations in the Energy Sector" which requires the government to assess whether France needs to develop domestic Bitcoin mining and report back to the legislature. The main goal of this proposal is to explore whether the printing of digital currency can be used as a means to better manage the electricity system of the European Union, which is the largest electricity system in Europe.

$BTC Evertz Pharma GmbH, a company focused on premium natural cosmetics, has become the first company in Germany to adopt a strategic Bitcoin reserve by purchasing 100 BTC in May 2025 worth approximately €10 million (~$10.8 million USD).

"Our mission is to promote natural beauty based on a scientific foundation," said Dominik Evertz, Managing Director of Evertz Pharma GmbH. "The same future-focused mindset shapes our financial strategy: Bitcoin, as a scarce and globally tradeable asset, complements our reserves and strengthens the long-term resilience of our company."

Evertz explained that Bitcoin is a store of value, an anti-inflation asset, and a means to diversify reserves. Bitcoin allows Evertz Pharma to hold capital without the storage burden associated with traditional assets like gold. The company's treasury strategy demonstrates their commitment to financial sustainability.

#SaylorBTCPurchase
According to reports, Walmart and Amazon are developing a stablecoin that could transform the payment system in the retail sector, just as the US Senate is preparing to vote on a crucial bill to regulate the issuance of digital Dollars. As previously informed, the Senate will conduct the final vote on the "GENIUS Act" (S.394) after it was approved in committee and passed in the debate stage scheduled for June 17.

According to Bloomberg and The Wall Street Journal, the two retail giants are evaluating the feasibility of launching their own stablecoin, which is likely to be pegged to the US Dollar or US Treasury securities. An internal team is analyzing potential technology partners and regulatory compliance pathways, although no official applications or public announcements have been made so far. The exploration of this initiative appears to be primarily motivated by the goal of achieving significant savings on payment processing costs.