On June 24, according to multiple media reports, Iran and Israel have initiated a ceasefire procedure, and although lacking an official statement, signs of conflict de-escalation are evident. Despite missile attacks causing casualties before the ceasefire, the market views this as a turning point. Additionally, Federal Reserve officials have released dovish signals, suggesting a potential July interest rate cut if tariffs do not drive inflation. With these double positive factors, risk sentiment has stabilized, causing gold and oil to plummet while crypto assets strengthen, with the market shifting towards risk assets.
Bitunix analysts suggest: The de-escalation of geopolitical conflicts is driving market funds back, with mainstream cryptocurrencies expected to continue an upward trend. BTC support at $102,500; resistance zone at $106,000. If the ceasefire continues to receive international confirmation and avoids further escalation, short-term aggressive long positions are recommended, but caution is advised against potential market volatility from sudden military actions. Medium-term investors should watch for opportunities to add positions during pullbacks to support levels.Short-term risk mitigation is positive for the crypto market, and the strategy is to go with the flow while still monitoring situation changes and the Federal Reserve Chairman's testimony.
