This morning, global financial markets experienced a synchronized pullback, with the U.S. stock market and Bitcoin prices showing a downward trend. Analysis indicates that geopolitical risk has become the main triggering factor.#CPI数据来袭

The situation in the Middle East has escalated sharply, and the U.S. has approved the evacuation of embassy personnel from several Middle Eastern countries, including Iraq, Bahrain, and Kuwait. Family members of U.S. military personnel have also been granted permission to voluntarily leave local bases. Meanwhile, the Israel Defense Forces announced a state of heightened alert, and the Iranian Islamic Revolutionary Guard Corps stated it is ready to launch upgraded missiles. Despite the U.S. Consumer Price Index (CPI) data for May released the previous day being lower than expected, which should have had a positive impact on the market, the negative effects of geopolitical risk have become dominant, leading to an increased tendency for investors to avoid risk, resulting in a market decline.

It is important to note that this market adjustment may only be a short-term phenomenon. The Fear and Greed Index remains relatively stable at 61, indicating that overall investor sentiment has not collapsed. Data from the Bitcoin market shows that although short-term speculators have significantly reduced their holdings and trading volume has decreased, the number of wallets holding more than 0.1 Bitcoin has reached a historic high of over 4.4 million, indicating continued active participation from retail investors. Technical analysis suggests that Bitcoin's current short-term support area is between $100,500 and $105,000, with approximately 1.7 million Bitcoins in that range; the strongest support level is between $93,000 and $98,000, controlled by long-term holders. If these investors maintain their positions, the market's downside potential may be limited.

Capital flow data shows that the amount of funds on the platform has decreased by about $200 million, with major stablecoins USDT and USDC depreciating. The Asian market has seen capital outflows for the first time this week, while the U.S. market is not receiving enough capital inflows.#比特币

Looking ahead to the market, many factors will jointly influence its direction: the development of geopolitical conflicts in the Middle East, the progress of trade negotiations between the U.S. and China, and the monetary policy of the Federal Reserve System, all of which will become key variables in determining the future trajectory of the market.#美国加征关税