As we all know today's focus, there are two things. One is that the geopolitical conflict in the Middle East has entered a fragile pause phase, and the main reason for BTC's rise is the market's expectation that the Strait of Hormuz will not be blocked. This view is the same as yesterday, but today's addition of a ceasefire agreement has made the market more relaxed. Secondly, Powell's attendance at the hearing did not provide much useful information. In just three sentences, it can be summarized that the reason for not cutting interest rates is due to tariffs. July is almost not considered for interest rate cuts, but September may be a suitable window. The resilience of the US economy is strong, and the labor market is stable, so there is no need to ease employment pressure through interest rate cuts. So overall, the market is still relatively friendly. Based on the current situation, it is normal for the price of Bitcoin to return and stabilize around $106000, but the war has not completely stopped. If the fragile ceasefire agreement is broken or there are new moths, the market volatility will still be difficult to predict, and the focus will still be on oil prices. Looking back at the data of Bitcoin, as the price rises, the turnover rate also shows a significant increase. Investors who have been buying at the bottom in the past two days are the main force of turnover, and there is nothing else to say. Like spot ETFs, investors like to chase the rise and kill the fall. The change in price once again proves the accuracy of the support for on chain chips. Currently, the most stable support is still between $93000 and $98000. This group of users has fully withstood the test, and unless it is a systemic risk, there will be no large-scale panic exit, which will greatly reduce the pressure on prices. The stability of $100500 to $105000 is gradually increasing, but the time is still relatively short, and the loyalty of investors in this area is still low. The storage of $104000 to $105000 has exceeded 1.27 million pieces, and the pressure has not completely eased. At present, based on the trend, the pre war moving average price of $106000 is relatively stable. If we want to break through, and a stable breakthrough may require new positive stimuli. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex