This week's key conclusions in advance.
This Wednesday (6/11), the US CPI will be announced. The market anticipates no interest rate cuts in July, with the first cut taking place in September, forecasting a total of two rate cuts in 2025.
In the short term, pay attention to the liquidity liquidation point above the price of $107,000, and below, take note of the high turnover area at $102,000, as well as the key support area at $92,000.
This Wednesday (6/11), the CPI (Core Consumer Price Index) will be announced. The expected data is not likely to have a significant impact, as the market already anticipates no interest rate cuts in July, with the first cut possibly occurring in September.
Sosovalue data shows that the current Fear and Greed Index has returned to neutral. The market capitalization of stablecoins continues to grow, while the ETF has seen continuous outflows after the price broke new highs. The long leverage position for green leaves has also continued to decrease, with the current leverage holdings dropping to the scale seen in November and December 2025. Option volatility has slightly increased, while the ∆25 Skew data has shifted from bearish to neutral compared to last week.
The CME futures prices currently have no gaps in the short term. From the perspective of volume distribution, the price is currently at the VAH since November. There are two strong support ranges below: one is $92,000~$95,000, formed by the POC since November and the VAH from March's decline, which is expected to be a key point during short-term corrections; the other falls in the range of $80,000~$84,000, primarily composed of the VAH since 2024, the VAL since November, and the POC since the February decline. From the liquidation map, a new short accumulation position has been added this week at $107,000~$108,000, and the overall price range has compressed to oscillate between $100,000~$110,000.
