The Krypto King 👑

📊 MARKET UPDATE 📊 Hey all, @CryptoData2017 here 👋 The bounce thesis played out exactly as drawn up. BTC defended the 200-week SMA on the weekly close, USDT Dominance rejected hard at that 8.78% weekly resistance, and the entire market ripped off the lows. The catalyst was the war finally ending, with the US and Iran signed a memorandum of understanding to solidify the ceasefire, reopen the Strait of Hormuz, and open a 60-day window for nuclear talks, brokered by Pakistan. A formal signing ceremony is set for Friday in Switzerland. Crude has continued bleeding lower on the de-escalation, which is the disinflationary signal the Fed wanted right before its decision. Today we're seeing everything consolidate after yesterday's gains, basically flat ahead of the main event, which is the FOMC rate decision tomorrow, with Warsh's first statement as Fed Chair. With that said, I wouldn't expect a cut. This week's hot inflation prints took 2026 cuts off the table (for now). But the oil pullback has quieted the rate-hike talks, so a measured hold is the base case. The real fuel here was de-risking the single biggest macro overhang of the year (the war), not the Fed. Fear & Greed is climbing off extreme fear but we're not euphoric yet, which is healthy. I'm still expecting tomorrow to mark the local lows if there's any negative catalyst. Now we wait. ━━━━━━━━━━━━━━ 📰 Key News Events • US housing starts fell 15.4% in May to their lowest level since May 2020, as the war-driven rate environment is finally being priced in. • Trump publicly criticized Netanyahu's handling of the Hezbollah fight in Lebanon today, frustrated that the parallel conflict is complicating the broader Iran agreement. • Iran's FM warned that continued Israeli presence or strikes in southern Lebanon would violate the emerging understanding. Israel said troops stay, stating bluntly that "Trump's agreement does not bind us", the one live thread that could still unravel this. • The Bank of Japan delivered a rate hike overnight and Australia's central bank also moved with global central-bank divergence as the Fed sits down. ━━━━━━━━━━━━━━ 📅 Upcoming Events • Jun 17th - FOMC meeting, Warsh's first as Fed Chair. • Jun 19th - US-Iran MOU signing ceremony in Switzerland. For more in-depth updates and opportunities 👇 - Join Data's Inner Circle: https://t.me/DatasInnerCircle - Join Trenches Discord: https://discord.gg/jointrenches