June 15 Bitcoin Market Analysis

The situation in the Middle East has driven up oil prices, and inflationary pressures are constraining the Federal Reserve's policy space. If the conflict escalates leading to an increase in U.S. Treasury issuance, it could withdraw market liquidity and suppress risk assets. Currently, oil prices have become a key barometer, and we need to be cautious of sudden volatility due to insufficient liquidity over the weekend.

Regarding Bitcoin, the unexpected outbreak of conflict in the Middle East has caused a sharp short-term decline, damaging the short-term technical structure. However, from a mid-term perspective, we are still in a rebound cycle.

Bitcoin Trading Recommendations:

Intraday support level: 102000-102500 Go Long

Intraday resistance level: 108000-108500 Go Short