Bitcoin Market Watch: Peak Established, Safe-Haven Myth Fades
Analysis on June 14 shows that Bitcoin's current upward cycle has essentially formed a top in the $110,000 area, and the market's previous expectations of $120,000 or even higher are unlikely to be realized in the short term. There is no need to be too pessimistic, and opportunities still exist in the next round of bull market.
Technical Signals Point to Deepening Correction
From a technical perspective, multiple cycles are sending bearish signals:
• Daily: Moving averages and MACD indicators simultaneously form a dead cross, indicating clear short-term downward momentum.
• 3-Day: K-line pattern has confirmed $110,000 as a key top area, coupled with the appearance of a MACD dead cross, clearly indicating that a medium-level or higher correction is just beginning.
Combining technical patterns, Bitcoin is expected to break below the $100,000 psychological barrier. Long-term allocation investors should remain patient and wait for a more attractive entry position.
Geopolitical Conflicts Stir Up Market Safe-Haven Logic
The escalating tensions in the Middle East have directly triggered a surge in oil prices, deepening market concerns about energy supply. Driven by traditional safe-haven sentiment, gold's value storage function has once again become prominent and has been sought after by funds.
However, in stark contrast, Bitcoin has not effectively played its assigned role as "digital gold" or "safe-haven asset" in this round of geopolitical risk events, failing to attract safe-haven funds as expected. This phenomenon raises profound reflections on its narrative as a sovereign-level reserve asset and also shows the rationality of some economies continuing to increase their gold reserves in recent years.
Beware of the Manipulative Nature Behind Market Noise
It is necessary to be particularly clear that drastic market fluctuations are often driven and dominated by major funds. Various market news largely plays the role of a smokescreen – either to conceal their true operational intentions or to create an expected difference to complete the "harvest" of ordinary participants. In the absence of real news, there is no shortage of deliberately fabricated so-called "good" or "bad" news.
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