Market fluctuations depend entirely on Trump's words. Yesterday, Trump proposed the complete withdrawal of personnel from Tehran. We cannot analyze the specific events here, but the local conflict may be escalating.
On June 16, Bitcoin ETF saw a net inflow of 408 million USD, while Ethereum ETF experienced a net outflow of 21.4 million USD. With this inflow volume, can we really consider Bitcoin as a safe-haven asset now? But why can Trump's big mouth still directly cause a 2% drop? Is it the independent attributes of risk involvement and safe-haven?
Currently, Bitcoin's movement seems quite psychedelic, with positions that can go either up or down. From a profit-loss cost-effectiveness perspective, this position is more favorable for short positions than long positions, meaning the downward potential is much greater than the upward potential. In the coming days, influenced by various factors, it may directly return to around 100k.
Ethereum continues to move in tandem, and the exchange rate is still struggling to break through 0.025.
Regarding altcoins:
The value of stablecoin sector is still rising, and MKR may reach a strong new high again.
Most altcoins tend to drop when Bitcoin falls, but a few tokens with serious market control will maintain their rise to attract market interest.
Trading strategy: Still mainly focusing on short positions. If Bitcoin returns to 109k, short positions can be established, with Ethereum around 2700. Both of these are relatively safe positions. In my view, a decline is inevitable.
