JUNE 16 CRYPTO MARKET ANALYSIS:.
TODAY'S CRYPTO MARKET, UNDER THE INFLUENCE OF COMPLEX MACROECONOMIC ENVIRONMENT AND INDUSTRY DYNAMICS, PRESENTS A UNIQUE DEVELOPMENT TREND, WITH FIERCE COMPETITION BETWEEN LONG AND SHORT SIDES, AND MARKET UNCERTAINTY HAS INCREASED SIGNIFICANTLY. RECENTLY, THE SHARP FLUCTUATIONS IN THE CRYPTO MARKET NOT ONLY REFLECT THE HIGH-RISK AND HIGH-VOLATILITY CHARACTERISTICS OF CRYPTOCURRENCIES, BUT ALSO HIGHLIGHT THE PROFOUND IMPACT OF MACROECONOMICS, GEOPOLITICS AND INTERNAL INDUSTRY DYNAMICS ON IT.
CURRENTLY, THE PRICE OF BITCOIN IS MAINTAINED AT AROUND $106,922, WITH A RELATIVELY SMALLER FLUCTUATION RANGE THAN IN THE PAST FEW DAYS. AFTER EXPERIENCING A SHARP DROP IN THE PAST FEW DAYS DUE TO GEOPOLITICAL CONFLICTS, THE PRICE OF BITCOIN TODAY IS RELATIVELY STABLE, INDICATING THAT THE MARKET IS GRADUALLY DIGESTING THE PREVIOUS PANIC SENTIMENT, AND THE FORCES OF BOTH LONG AND SHORT SIDES HAVE TEMPORARILY REACHED A CERTAIN BALANCE. THE PRICE OF ETHEREUM HAS ALSO TENDED TO BE STABLE, FLUCTUATING AROUND $2,500, AND THE INTRADAY FLUCTUATION RANGE HAS BEEN SIGNIFICANTLY NARROWED COMPARED WITH THE PREVIOUS FEW DAYS.
