🚨BREAKING NEWS TODAY🚨
📝Today, the general market sentiment is clearly influenced by the geopolitical tensions in the Middle East, as the conflict between Israel and Iran escalates, driving investors toward 'safe haven' assets like gold. As risk aversion increases, Bitcoin has slightly decreased to around the $104,000–$105,000 range, dragging most altcoins into the red.
📝Regarding macroeconomic information, the market is still betting that the U.S. Federal Reserve (Fed) will maintain interest rates at the June policy meeting, creating a relatively stable sentiment for investments in risky assets. This information somewhat alleviates concerns about the global economy continuing to tighten credit, thereby providing slight support for Bitcoin and some large-cap altcoins.
📝In terms of institutional money flow, Coatue Management and large hedge funds are viewing Bitcoin as a diversification channel for their portfolios. According to a report from AguilaTrades, a Bitcoin position worth $262 million was recently increased by 30%; this move may encourage other institutions to increase their crypto allocations in upcoming trading sessions. Additionally, the $158 million flowing into crypto projects in the first half of June indicates a strong demand for investment opportunities in altcoins.
📝From a technical perspective, Bitcoin is still fluctuating within the $104,300–$106,129 range, with diminishing trading volume, indicating that investors are still waiting for a clearer breakout before important resistance levels. Support levels around $104,000 and resistance around $106,000 are the focal points for short-term traders.
