Trump Announces End of Iran War, Market Reacts Strongly
- Market Reaction: On June 14, President Trump announced a deal with Iran, reopening the Strait of Hormuz and ending the U.S. naval blockade, which led to oil prices dropping to around $83 per barrel and significantly improving market sentiment.
- Bitcoin Price Surge: Following the reduction in war risk, Bitcoin rebounded from $60,000 to a high of $65,641, indicating a renewed confidence among traders to invest in riskier assets like cryptocurrencies.
- Mining Difficulty Drop: The Bitcoin network experienced a 10% drop in mining difficulty, one of the largest declines ever, which reduced the total computing power and contributed to the upward momentum in Bitcoin prices.
- ETF Inflows: U.S. spot Bitcoin ETFs recorded $85.9 million in net inflows on June 14, marking the strongest daily inflow since May 14, although the overall June outflows reached approximately $2.1 billion, reflecting the complexities of market capital flows.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0155 | 0.0177 | 0.0196 | 0.0218 | 0.0237 | 0.0259 | 0.0278 |
| Fibonacci | 0.0177 | 0.0193 | 0.0203 | 0.0218 | 0.0234 | 0.0244 | 0.0259 |
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