-【Replay】-
Sorry, I was away for something and just got back. I'm back to normal today.
-【Today's Market Analysis】-
Old Wine Trading Diary: Daily Interpretation 6.12
① Intraday ultra-short-term pressure: 67900
I will short this position depending on the situation. If it breaks through effectively, I will look at 68500. That’s about it. If it can reach 68500, this hourly rebound is very strong.
② Intraday ultra-short-term support: 65850
If the market rebounds to the top, and falls instead of rising, after breaking the previous low of 66050, there is a high probability that it will choose to stop falling at 65850. After the decline is successfully stopped, a larger level of rebound will be launched.
Summary: The short-term trend has temporarily entered the short side. The idea of trading is temporarily based on high altitude. Long orders on the right side can be traded based on the key support position of the core.
-【Digital Currency News】-
Trump calls for Bitcoin to be 'Made in America' after meeting with mining leaders.
Donald Trump reiterated his support for Bitcoin during a meeting with several U.S. crypto mining company executives on Wednesday.
In a June 11 post on Trump’s “Truth Social” site, the presidential candidate said he wants “all remaining Bitcoin to be made in the United States,” claiming that this would help the U.S. “become a dominant player in the energy sector.”
He claimed that Bitcoin is the “last line of defense” against central bank digital currencies. Federal Reserve Chairman Jerome Powell said in March that the United States is “far from recommending or adopting any form of central bank digital currency.”
Previously, Trump hosted Bitcoin miners at his Mar-a-Lago estate in Florida.
TeraWulf board member Amanda Fabiano. Fabiano wrote that the organization discussed with Trump how bitcoin mining can help "strengthen the electric grid and promote jobs."
Matthew Schultz, executive chairman of CleanSpark, said Trump has pledged to support the industry if he is elected president in November.
Amanda Fabiano said: "Our industry faces huge political battles fueled by misinformation and misleading statements. Our industry needs politicians who are interested in understanding the benefits of Bitcoin and Bitcoin mining."
President Joe Biden has proposed a 30% electricity tax on the country’s bitcoin miners, as the industry faces growing political pressure over its emissions, energy consumption and possible impact on the grid.
Trump previously said during his presidency in 2021 that Bitcoin "looks like a scam," but recently changed tack in an apparent effort to curry favor with the industry's now well-funded groups ahead of the 2024 presidential election on November 5.
He recently stressed that the U.S. must not play “second” when it comes to cryptocurrencies, even declaring himself the “crypto president” in early June.
The billionaire also began accepting cryptocurrency to fund his presidential campaign late last month and hosted a dinner for holders of his Mugshot non-fungible token last month.
Trump met with his parole officer for the first time on June 10 following his May 30 conviction on 34 felony counts of falsifying business records.
There is no problem. This is still the Trump we know. He can take it or leave it. In the face of interests, everything else is nothing.
Personal point of view, only for reference
