Bitcoin rose nearly 10% in May; what will the trend be in June?
Reasons for the rise in May:
Capital inflow: Spot ETF saw an inflow of $5.6 billion in a single month, and the amount held by listed companies increased to $85.6 billion (month-on-month +4%), with long-term allocation demand from enterprises supporting the price.
Policy and macroeconomic dynamics: Uncertainty in U.S. tariff policies has spurred demand for safe-haven assets, and the market expects monetary policy easing (indicating interest rate cuts), coupled with Bitcoin's scarcity (such as the halving mechanism), enhancing asset attractiveness.
Key points to watch in June:
Upward potential: The technical level needs to break through the $113,000 - $115,000 resistance level; if successful, it could aim for $130,000. Continued inflows into ETFs and the trend of enterprises increasing their holdings will provide long-term buying support.
Risk warnings:
Regulatory uncertainty: A Senate vote in early June may impact stablecoin liquidity, and another stablecoin bill in the House faces resistance, potentially escalating regulatory frictions.
Technical support testing: $109,000 is a key short-term support level; a drop below this could trigger selling pressure from bearish options.
Policy volatility risk: Macro variables such as Trump's tariff policies and the progress of China-U.S. trade negotiations may still trigger significant market fluctuations.
Industry trends:
The increase in blockchain adoption is changing market logic, with Bitcoin trading and discussion dimensions surpassing traditional macro data, but long-term risk resistance capabilities still need to be tested in more complex environments.
Recommendations:
Closely monitor policy nodes, technical breakout signals, and capital flows, and be alert to short-term volatility and regulatory risks.
Reasons for the rise in May:
Capital inflow: Spot ETF saw an inflow of $5.6 billion in a single month, and the amount held by listed companies increased to $85.6 billion (month-on-month +4%), with long-term allocation demand from enterprises supporting the price.
Policy and macroeconomic dynamics: Uncertainty in U.S. tariff policies has spurred demand for safe-haven assets, and the market expects monetary policy easing (indicating interest rate cuts), coupled with Bitcoin's scarcity (such as the halving mechanism), enhancing asset attractiveness.
Key points to watch in June:
Upward potential: The technical level needs to break through the $113,000 - $115,000 resistance level; if successful, it could aim for $130,000. Continued inflows into ETFs and the trend of enterprises increasing their holdings will provide long-term buying support.
Risk warnings:
Regulatory uncertainty: A Senate vote in early June may impact stablecoin liquidity, and another stablecoin bill in the House faces resistance, potentially escalating regulatory frictions.
Technical support testing: $109,000 is a key short-term support level; a drop below this could trigger selling pressure from bearish options.
Policy volatility risk: Macro variables such as Trump's tariff policies and the progress of China-U.S. trade negotiations may still trigger significant market fluctuations.
Industry trends:
The increase in blockchain adoption is changing market logic, with Bitcoin trading and discussion dimensions surpassing traditional macro data, but long-term risk resistance capabilities still need to be tested in more complex environments.
Recommendations:
Closely monitor policy nodes, technical breakout signals, and capital flows, and be alert to short-term volatility and regulatory risks.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
104,305.86
-0.48%