Pal BTC Daily Market Report – 6.25 Image 1: Daily Chart 1) Last night, it slightly dipped below the previous low, which you could also interpret as forming an EQL before reclaiming 61. 2) For now, it’s still oscillating within the range of 590-673. Here, 590 could be an EQL or just waiting to be taken out—it’s not the bottom yet. Currently, the resistance above is at 632, which is the EQ. If the EQ gets rejected, it’s still bearish. Only if the EQ holds can we consider testing the range high at 673. 3) Last night, MU’s earnings report gave a slight boost, but the main focus is still on tonight’s PCE. While I don’t believe the Fed will hike rates in July, if the data exceeds expectations, the market will react. In that case, there’s further downside potential. My personal view is to watch for 58 and 54 below. If the data meets expectations, then it’ll continue to consolidate. Let’s see how it reacts within the range. Image 2: Hourly Chart 1) The current rebound has returned to the BK level. For now, it’s likely to consolidate here, with everything hinging on tonight’s data. 2) The better shorting opportunity is still at the bearish OB.