Bitunix analyst: The US dollar continues to fluctuate, the foreign exchange market is waiting for Powell's testimony, and the crypto market is poised for action.

BlockBeats news, on June 21, the forex market fluctuated with the US dollar index remaining stable, reaching a three-week high against the Japanese yen, reflecting the market's comprehensive response to the easing of tensions between Iran and Israel and the shift in The Federal Reserve (FED) policy. FED Governor Waller expressed support for a possible rate cut as early as July, and Powell will testify in Congress next week, with his tone potentially dominating short-term USD and asset price movement. The Bank of Japan remained unchanged, but economists estimate that the likelihood of a rate hike may increase before autumn, while the Bank of England held rates steady at 6:3, reflecting internal divisions. Positive signals emerged from Middle East negotiations, but the market remains cautious about trade war and inflation risks, with central bank actions in multiple countries becoming a focal point for the market. Bitunix analysts suggest: next week, Powell's testimony and geopolitical news may become catalysts for fluctuation, advising investors to wait for direction confirmation before making plans. BTC support level is at $103,300-$102,700, still maintaining a short-term rising trend.