Feilong Daily | June 22, 2026 Today's focus is on three things: (1) The first round of negotiations between the United States and Iran has ended Although there was a quarrel during the Swiss talks, they were eventually concluded. The current core information is: ceasefire, 60 day no blockade of Hormuz, exemption from oil exports, unfreezing frozen assets, and Iran's commitment not to build nuclear bombs. The oil price fell by 2% today, and the market breathed a sigh of relief. But Israel has not yet made a statement, so there may still be some trouble in the future. (2) The bottom signal of the pancake is increasing, but there should still be a drop The miners began to surrender, The mining difficulty has dropped by over 20% from its peak. In this historical location, Often not far from the bottom of the cycle. Buying signals are also beginning to appear on the chain. In addition, the micro strategy boss hinted at increasing the position of Da Bing today and may announce a buy tomorrow. (3) Focus on PCE this week Thursday evening at 8:30, The core PCE of the United States was announced in May. Inflation has decreased, and the market continues to trade and cut interest rates. If inflation does not decrease, risky assets become dangerous. Simply put: The US Iran negotiations provide a bottom line for the market, but whether it can continue to rise next depends on PCE.