$BTC update...
After the news of US-Iran peace deal, $BTC had pumped strongly and now trading around 66k.
But the point that most of traders are missing is that, from technicals POV BTC is also sitting near 66–67k which is strong resistance.
And I am not expecting a clean breakout on first attempt.
So market may take a reversal from this zone.
Also here is an strong fvg as mentioned below which can also be the reason of reversal.
Also my all eyes on FOMC Tomorrow.
Let’s see how Kevin Warsh handles his first briefing… tone will decide the next move.
In addition, The Bank of Japan is expected to raise rates to 1% on June 16, the highest in 30 years.
The Fed meets the very next day with zero rate cut expectations and inflation still rising.
Every major BOJ hike since 2024 triggered a sharp market selloff specially in $BTC
.