#Nasdaq Hits New High
As of June 27, 2025, 22:39 CST, the Nasdaq index has broken its historical high, driving an increase in risk asset sentiment, which may have a potential impact on the cryptocurrency market such as Bitcoin (BTC) and Sui (SUI). The current BTC price is approximately $107,389.90, up 0.75% in 24 hours. Technical indicators show a bullish MACD but an overbought RSI (75.18), indicating a possible short-term range between $105,000 and $111,980. The new high in the Nasdaq could push BTC to test the $111,980 resistance, potentially rising to $120,000 if capital flows into the cryptocurrency market, extending the bullish trend. However, the risk of overheating in the Nasdaq may lead to a correction, and if BTC falls below $105,000, it could test $102,000.
The SUI price is $2.6786, up 1.66% in 24 hours, with the MACD near the zero line and a neutral RSI (52.16), indicating a consolidating market. A breakthrough in the Nasdaq may boost confidence in altcoins, and SUI could range between $2.2937 and $3.0757 in the short term, with a breakout above $3.0757 potentially reaching $3.5169. Conversely, if the Nasdaq retreats, SUI risks moving down to $2.14. Search data shows a positive correlation between the Nasdaq and BTC (0.20-0.29), while geopolitical factors (such as Israel-Iran) and Fed decisions will amplify the impact.
Investment Advice: BTC can be slightly followed at $108,000, and SUI should wait for a breakout above $3.0757 to enter. Caution: While the Nasdaq hitting a new high is positive, the cryptocurrency market is highly volatile and affected by macroeconomic conditions, geopolitical factors, and regulation, leading to rapid price changes. Investing carries risks; please set stop losses and make careful decisions based on real-time data and professional advice. This analysis is for reference only and does not constitute investment advice.
