June 16th Bitcoin Market Analysis

Bitcoin maintained a range of around $105,000 over the weekend, with geopolitical risks not yet triggering severe market fluctuations. The current market presents three main characteristics:

1) Progress in Sino-American rare earth trade still needs verification

2) Investors maintain a cautious wait-and-see attitude

3) The technical aspect remains in a high-level consolidation pattern

Key focus this week:

• 6/14 Bank of Japan interest rate decision

• 6/15 U.S. May retail sales data

• 6/16 Federal Reserve interest rate meeting

Operational suggestions:

Mid to long-term positioning awaits the end of the pullback, focusing on observing the 100,000-102,000 support area