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Bitcoin rebounds above $104,000 as U.S. lawmakers propose the "Iran War Powers Resolution" to block U.S. involvement

BlockBeats News, June 18, according to market sources, U.S. Congressman Massie has proposed the "Iran War Powers Resolution," aiming to prohibit U.S. involvement in an Israel-Iran war. According to HTX market data, Bitcoin has rebounded from a low of $103,370 to $104,250 within the past 20 minutes.

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Currently, while the market has experienced a temporary surge driven by positive news, traders generally believe that BTC has reached a resistance level. There is still a significant need for a pullback in the market, leading to a cautious outlook on future trends.
Polymarket's latest data shows that the market probability of the Fed standing pat this year has risen to 44%.
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