Geopolitical Storm Sweeps the Crypto Sphere

Israel's strike on Iran's nuclear facilities has triggered market panic, with Bitcoin briefly falling below $103,000. Although the long-term fundamentals remain unchanged, short-term risk-averse sentiment dominates, and the technical outlook on the 4-hour level is weakening. If it cannot quickly reclaim $105,000, it may enter a monthly adjustment period of fluctuation.

US Economic Data 'Douses Cold Water'

The latest number of unemployment claims has reached 248,000 (expected 240,000), hitting an 8-month high, revealing signs of cooling in the job market. The May Core Producer Price Index (PPI) rose only 0.1% (expected 0.3%), easing inflation pressures, as traders have fully bet on the Federal Reserve cutting rates twice this year.

Trump 'Fires' at the Federal Reserve

Former President Trump has angrily criticized Powell as 'foolish' and called for an immediate rate cut of 200 basis points. The current market focus: when will the Federal Reserve pull the trigger on rate cuts? Both the stock market and the crypto sphere are holding their breath.

Crypto Sphere: A Snapshot

IPO Frenzy: The #VIRTUAL platform's #iris project offers super high returns of 200-500 times, with scarce participation channels for retail investors. On the other hand, meme coins collapse: #Virtual, #Aave, and other altcoins have plummeted, with the #ETHBTC trading pair falling below 0.025. Contract players faced $1 billion in liquidations within 24 hours, leaving 210,000 people at a loss. Platform Movements: Coinbase announces the launch of perpetual contracts, possibly stimulating its stock price; the SEC has postponed the approval of spot ETFs for Dogecoin, Hedera, and others.

Traditional Market Undercurrents

SharpLink Gaming plummeted 70% after PIPE investors sold off. Tencent may acquire South Korean gaming giant Nexon, with the related concept stock $NXPC rising 11% yesterday before retreating.

NFT Winter

The Solana ecosystem trading platform Solsniper announced its closure today, exacerbating the industry's reshuffle.

Operational Reminders

Short-term focus on the $105,000 battle for Bitcoin; if it falls below this level, caution is needed for monthly adjustments. Altcoins are 'to be played but not loved,' and be cautious with contract leverage! Surviving is key to waiting for the tailwind of rate cuts. Beware of the risks of escalating geopolitical conflicts, as volatility in digital assets may continue to amplify.

(Note: The market is risky; invest cautiously, and do not leverage to bet on directions!)