June 2, 2025 report
The price of Bitcoin has not fluctuated much over the weekend, remaining around $105,000 with slight oscillations, indicating that market sentiment is relatively stable, with the fear and greed index steady at around 57.
There hasn't been any significant news in the past 24 hours, the biggest event is Ukraine destroying over 40 Russian fighter jets with drones.
This has divided the market into two camps: one side believes this will make the upcoming Russia-Ukraine negotiations more difficult, and that Russia's retaliation may already be on the way.
The other side thinks this is a show of strength before the negotiations, and if the talks collapse, the subsequent strikes may be even harsher.
Currently, the pressure from the US and Europe on Russia is also increasing; if this continues, Russia's losses may be even greater.
In addition to the Russia-Ukraine conflict, Trump's tariffs are also making waves. US Secretary of Commerce Gina Raimondo has publicly stated that Trump's tariff policy will continue, especially with the recent announcement of a 50% tariff on imported steel.
The US Trade Representative's office has also extended the exemption period for the 301 investigation into China's technology transfer, intellectual property, and innovation from the originally scheduled May 31, 2025, to August 31.
The harsher Trump shouts, the more likely the market is to drop sharply, but this is often a buying opportunity, as he may back down at the last moment.
From the data, the stock changes of Bitcoin on exchanges in the past 24 hours are relatively stable, with limited impact on the current price; the key factor is still the investor sentiment after the US stock market opens tonight.
The trading volume of Bitcoin is also low, with most people observing, only short-term investors with losses are trading.
Currently, the short-term support level is between $100,500 and $105,000, where the number of Bitcoins has increased to 1.36 million, but this is still insufficient to form strong support.
The real strong support range is between $93,000 and $98,000, where 2.29 million Bitcoins are accumulated, most of which are long-term holders.
Additionally, MicroStrategy founder Michael Saylor has released a Bitcoin tracker again, hinting that they want to continue buying the dip, which may provide some support for short-term Bitcoin prices.