June 1st Bitcoin Market Analysis

Trump abruptly raised steel tariffs to 50%, revealing the dual nature of the policy: beneficial for domestic steel companies but detrimental to the automotive industry chain. BTC rebounded to around $104,000 over the weekend, indicating that the market is not in panic; however, low trading volume has distorted price signals, and the true direction needs to wait for Monday's U.S. stock market opening to digest.

Key Focus: Next Thursday's Federal Reserve Beige Book and Friday's non-farm payroll data will be crucial for breaking the market situation.

Trading Recommendations:

Intraday support level 102,000-102,500 Go long

Upper resistance level 105,500-106,000 Go short