Recent developments indicate a tentative ceasefire between Iran and Israel, signaling a potential de-escalation in regional geopolitical risks. Although no official confirmation has been issued, market participants are interpreting this as a pivotal moment, following prior missile strikes that resulted in casualties. Concurrently, dovish commentary from a Federal Reserve official has introduced the possibility of a rate reduction in July, contingent on inflation dynamics and tariff impacts. This combination of easing geopolitical tensions and accommodative monetary policy has bolstered risk appetite, triggering a notable decline in traditional safe-haven assets such as gold and crude oil, while cryptocurrencies have experienced renewed strength.
According to Bitunix analysts, the crypto market is poised for continued gains as capital reallocates towards risk assets amid improving sentiment. Bitcoin currently finds support near $102,500, with resistance around $106,000. Sustained international endorsement of the ceasefire could encourage short-term traders to capitalize on long positions, though vigilance remains essential due to potential volatility from unforeseen military developments. Mid-term investors are advised to consider accumulation strategies at key support levels during market retracements, employing trend-following approaches while closely monitoring Federal Reserve communications.