PalBTC Market Weekly Report -6.22 Figure 1: Weekly chart 1) The weekly trend has continued to fluctuate for 2 weeks, and there hasn't been much macro data released this week. I believe it is still in a volatile state under the US Iran negotiations, and it is also affected by the probability of interest rate hikes in July. 2) First, let's talk about the United States and Iran. After 18 hours of negotiations, an agreement document has been reached, and the relevant text will be released by the two mediators, Qatar and Pakistan. But during this period, I believe there are still various uncertainties. The agreement is good for Iran, but not very good for the conditions of the United States. Moreover, after the agreement was reached, the crude oil price returned to 75 but did not hit a new low, and the US stock market did not open high before trading, so everything is still so uncertain. As the saying goes, don't just look at what they say, just observe the reaction of oil prices. 3) Another focus this week is PCE's defense on Thursday: oil prices 73 → 75 → PCE is highly likely to be less than 4.2%. Not exceeding expectations=positive,>4.5%=real risk 4) In summary, based on the volatility, ETFs have been experiencing outflows for six consecutive weeks, and institutional funds have been continuously withdrawing. Until there is a sustained large-scale buying, we can only see a rebound in volatility, not an increase. Currently, the high point above can only be seen as plundering around 673 and the maximum insertion around 69. If the bearish sentiment falls below 6W again, the next support level is 55. Figure 2: Daily chart 1) Since the current market is still volatile, it still depends on following the chart that was constantly discussed last week. 2) Affected by favorable negotiations, it rebounded after stepping back 62. At present, the focus is on retesting 675, which may involve plundering or even a slight deviation, depending on the volume and impact of the event. 3) The core of volatile market trading must refer to the impact of clearing and news events. Figure 3: Hour chart 1) At present, the hourly level has broken through and plundered 648. Then here we look, if you stand firm and continue to test 67 upwards, if you insert and form MSB downwards, then continue to firmly short.