BTC is continuing to fluctuate at the 4-hour level, with the price range concentrated between $98,000 and $102,500 on June 23. The recent low dipped to $98,125, followed by a rebound around $100,800 to $102,350. The escalation of the situation in the Middle East may push oil prices up, indirectly affecting the expectations of the Federal Reserve's monetary policy (such as delaying interest rate cuts), increasing market risk aversion, and creating pressure on Bitcoin in the short term.
In the evening, we still maintain a bearish strategy for layout.
Near $102,500-$102,000 could be shorted, targeting $101,000-$99,000.
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