眉间皆是遗憾

#美国国债 U.S. Treasury bonds are issued by the Treasury Department on behalf of the federal government, categorized into two types: circulating and non-circulating, with the former including five categories such as short-term treasury bills. Recently, the U.S. bond market has been highly volatile, closing higher on June 13, driven by unemployment and PPI data, as well as demand for 30-year Treasury bond auctions, with yields falling by 4.5 to 8 basis points. In May, Moody's downgraded the U.S. sovereign credit rating, leading to a sell-off in Treasury bonds, with the 30-year yield briefly surpassing 5%. Goldman Sachs raised its 10-year U.S. Treasury yield forecast to 4.5%, while JPMorgan warned that an expanded scale could lead to turmoil in the bond market.

The Bitcoin price today, $BTC , may continue to consolidate. Technically, its price is constrained by multiple moving average resistances around $106,000, with market trading volume being sluggish and the relative strength index near the midpoint, indicating strong cautious sentiment. If it breaks through the moving average resistance in the short term, it has a chance to challenge the $112,000 high, but current momentum is insufficient. If demand remains weak, it may test the support zone of $94,000 - $97,000 in the short term. The market needs more buying demand to support a breakout.

$USDC USDC is a dollar stablecoin, with total supply divided into three parts: USDC from Coinbase, Circle, and other platforms. Coinbase's share rapidly increased to about 23% by Q1 2025, while Circle's share remained stable, indicating Coinbase's growing influence. In terms of revenue distribution, both retain 100% reserve income within the platform, while sharing 50/50 outside the platform, with Circle benefiting more from external sources. Circle is promoting the growth of USDC circulation, aiming to make it the preferred dollar stablecoin. Additionally, Circle is expanding its coverage, enhancing security and liquidity.

Recent performance of cryptocurrency concept stocks in the U.S. has been active. On June 17, local time, the U.S. Senate passed the "GENIUS Act," establishing a federal regulatory framework for payment stablecoins, which stimulated the rise of related concept stocks. On June 18, cryptocurrency concept stocks in the U.S. pre-market rose, with Cantor Equity Partners up nearly 8%, Circle and Hyperscale Data up over 3.5%, and Canaan Inc. and TeraWulf up over 1%. On June 11, some concept stocks surged, with Kindly MD up over 28% and SharpLink Gaming up over 10%. Previously, Coinbase's inclusion in the S&P 500 index also drew further attention to cryptocurrency stocks.

At the Princeton University Class of 2025 graduation ceremony, Powell spoke to encourage graduates to pursue their dreams and engage in public service. He recalled his own experiences, having once thought economics was boring and useless. He emphasized that American universities are a vital asset to the nation, at the core of scientific innovation and economic vitality, urging students to protect democracy and academic freedom. In the face of the Trump administration's pressure on higher education institutions, his remarks implicitly criticized this situation. Additionally, he defended the Federal Reserve's pandemic decisions, stating that under extreme pressure they collectively avoided the worst outcomes, and reminded everyone to safeguard integrity.

#GENIUS稳定币法案 "GENIUS Act" refers to the "2025 U.S. Stablecoin Guide and Innovation Act." Proposed on February 4, passed by the Senate on May 20. It establishes a regulatory framework for payment stablecoins, clearly defining them as digital assets pegged to fixed currencies and used for payment settlement, subject to bank-like regulation. Issuers are required to maintain a 1:1 reserve of short-term U.S. Treasury securities or cash, obtain federal or state approval, and undergo strict regulatory audits. Regulation is divided by scale among the Federal Reserve, OCC, or state-level regulators. The act could promote a nearly tenfold increase in the supply of stablecoins over four years.

#我的交易风格 My trading style is steady and flexible. I prefer spot trading, seeking certainty in immediate asset delivery. I emphasize risk control and participate cautiously in high-risk futures and options trading. Before trading, I conduct a comprehensive market analysis and develop a plan based on market conditions and my own capital situation. In stock trading, I tend to invest in blue-chip stocks with stable performance and growth potential, avoiding blind speculation and chasing highs or lows. In fund trading, I combine on-exchange and off-exchange trading; on-exchange trading focuses on speed and low cost, while off-exchange trading offers a rich variety of fund types. I adjust my strategies in a timely manner based on market changes to ensure steady asset appreciation.

$USDC USDC is a US dollar stablecoin, with total supply divided among Coinbase, Circle, and other platforms. Coinbase's share has rapidly increased to about 23% by Q1 2025, reflecting its stronger market influence. For USDC on the platform, Circle and Coinbase each retain 100% of reserve income, while outside the platform, it is split 50/50, with Circle benefiting more from external sources. In addition, Circle expands coverage of local USDC through worldwide chains, upgrades bring higher security, liquidity, and integration, and it has also deployed CCTP V2 to enhance interoperability.

#美联储FOMC会议 FOMC refers to the Federal Open Market Committee meeting, responsible for determining U.S. monetary policy. The meeting was held on May 6 - 7 local time, and the interest rate decision was announced on the 7th (early morning of the 8th Beijing time). The market generally expects the interest rate to remain unchanged. Due to strong U.S. employment data in April and a stable unemployment rate, conditions have been created to maintain the interest rate. The subsequent meeting on June 17 - 18 is also being watched closely, with the market expecting about a one-third probability of a rate cut at this meeting.

Vietnam is actively promoting the development and regulation of the cryptocurrency sector. The 'Digital Technology Industry Law' was passed on June 14, 2025, and will take effect on January 1, 2026, incorporating cryptocurrencies into the legal framework for the first time, clearly classifying and regulating them, excluding securities and other financial instruments, emphasizing requirements for cybersecurity, and granting the government the power to formulate detailed rules. Previously, Vietnam planned to introduce digital asset regulations in 2025, collaborating with Venom and others to promote the construction of blockchain financial infrastructure, focusing on the legal framework, among other aspects. However, local cryptocurrency scams are prevalent, and regulation also aims to protect investors' rights.

As of June 5, 2025, the price of Bitcoin is approximately $105,031, an increase of 10% compared to last month. However, short-term volatility has intensified, with an intraday fluctuation of 1%-2%. Technically, the 50-day moving average support is solid, breaking through the resistance level of $108,000 may push it up to $137,000; if it falls below the support of $103,000, it may retrace to $92,000. On-chain activity is good, with an average of 735,000 active addresses daily and an average of 390,000 - 400,000 transactions daily, and an NVT value of 1.51, indicating that the valuation is supported by real demand. However, recently, short-term holders taking profits have created selling pressure, and future trends will need to focus on key price levels and market supply and demand, as well as institutional funding and other factors.

#特朗普比特币金库 Trump's Bitcoin vault attracts attention. In May, Trump Media (DJT) completed a private placement agreement with about 50 institutional investors, raising $2.5 billion to build the vault, which is hosted by Cryptocom and Anchorage Digital. Previously, Trump Media had several Bitcoin initiatives, such as plans to launch a Bitcoin-containing ETF. Additionally, the American Bitcoin supported by the Trump family has accumulated 215 Bitcoins since its establishment in April, worth over $23 million. All these indicate the Trump family's deep involvement in the Bitcoin sector.

As of June 15, 11:50, BTC spot price is $40,480.62, the warming trend continues, rebounding nearly $10,000 since hitting the bottom of $31,000 on the 8th. There is still upward potential for intraday movements, with upper resistance around 43,000 - 42,000 and lower support around 39,000 - 38,000. The main strategy is to go long, with short positions as a supplement; you can go long around 39,200 - 39,500, with a stop loss at 38,500 and a target of 41,500 - 42,000; for short positions, you can enter around 42,500 - 43,000, with a stop loss at 43,500 and a target of 40,000 - 40,800.

#卡尔达诺稳定币提案 Cardano founder Charles Hoskinson proposed several stablecoin initiatives. First, he suggested using $100 million ADA from the treasury to exchange for Bitcoin and stablecoins (USDM, USDA) to increase the on-chain stablecoin ratio and the DeFi ecosystem, stating that it would not impact the ADA market. Second, he is considering issuing a privacy stablecoin, ensuring privacy through a 'selective disclosure' mechanism while meeting regulatory requirements. Additionally, discussions are ongoing with Ripple about the possibility of integrating its new stablecoin RLUSD to enhance the DeFi ecosystem and expand the usage opportunities for RLUSD.

In June 2023, the price outlook for ADA is cautiously bullish. If market sentiment and the ecosystem continue to improve, it may break through $0.80. By the end of May, its trading price was around $0.75, having fallen from a peak of $1.10 at the beginning of the year. Since the second quarter, due to profit-taking and cautious investors, its value has dropped by about 22%. However, in recent weeks, it has been consolidating in the $0.65 - $0.75 range, showing signs of stabilization. Technically, chart patterns and indicators suggest a shift in momentum; fundamentally, the Cardano project continues its technical upgrades, and on-chain metrics indicate an active and resilient ecosystem.

Local time June 12 - 14, #以色列伊朗冲突 , the conflict between Israel and Iran intensified. Starting from the early hours of the 12th, Israel launched airstrikes on multiple locations in Iran, resulting in the deaths of several Iranian commanders and nuclear scientists; Iran retaliated by launching nearly a hundred missiles at Israel, causing at least 41 injuries on the Israeli side. The conflict led to a significant rise in crude oil prices and a decline in U.S. stocks and other risk assets. Countries like Russia and France actively urged for peace, while China expressed high concern and deep worry, opposing infringements on Iran's sovereignty and the escalation of conflict. CITIC Securities believes that the intensity and duration of this conflict may exceed last year's.

As of June 13, 2023, Bitcoin is reported at approximately $105,896.77, a significant decrease of about 3.5% from the previous day, with a 24-hour fluctuation range of $105,759 - $108,776. Following Israel's airstrikes on Iran, it rapidly retreated from a high of $108,000 on the 12th, breaking below the key support level of $106,000, with trading volume soaring to about $5.538 billion, reflecting strong market panic. Technical indicators have worsened, with the 4-hour RSI dropping sharply to around 35, entering the oversold territory, and the MACD showing a death cross. It may seek support in the range of $105,000 - $106,000; if this support is lost, it could test around $103,000.

As of June 8, 2025, the Ethereum operating recommendation is to short around the current price of 2520, with a target to see long around 2470 and a target of 2550 nearby. Previously, on June 4, Ethereum showed a fluctuating upward trend, with short-term bullish momentum increasing, MACD indicator showing a golden cross, and bullish momentum gradually increasing, indicating potential for further price increase, but the previous high around 2789 may form strong resistance. Currently, there is a lack of updated market data, and future trends will be influenced by market supply and demand, macroeconomics, policies, and other factors, requiring investors to closely monitor market dynamics.

#美国加征关税 The United States frequently raises tariffs. On March 3, 2025, an amended order added 20% to existing tariffs on Chinese goods exported to the U.S. This was preceded by phased tariff increases on certain 'strategic products' from China from 2024 to 2026. The increased tariffs harm both sides, accelerating inflation expectations in the U.S., raising the cost of living for the public, increasing unemployment, decreasing income, and exacerbating social divisions, while also impacting global trade and supply chain stability. Starting May 14, both China and the U.S. made adjustments, with the U.S. canceling 91% of the increased tariffs and suspending 24% of 'reciprocal tariffs'.

On June 13, $BTC 2025, Bitcoin is currently priced at $105,964, with a 24-hour drop of 2.65% and a trading volume of $54.325 billion. Mainstream cryptocurrencies are also pulling back, with market leverage risk increasing. In the past 12 hours, the total liquidation across the network was $555 million, with long positions liquidated around $505 million. However, the total market capitalization of stablecoins reached an all-time high of $228 billion, a 17% increase from the previous period, reflecting heightened market trading activity. Additionally, Nasdaq-listed DeFi Development secured $5 billion in equity financing to increase its stake in SOL. The future trend of Bitcoin may be influenced by capital flows and market sentiment.