CPI Cooling Has Not Changed the Fluctuation Pattern, Bitcoin Holds Key Support
The latest U.S. CPI data for May shows a month-on-month increase of 0.1% and a year-on-year increase of 2.4%, with core CPI at a year-on-year rate of 2.8%, all below market expectations, reflecting a continued moderate decline in inflation. After the data was released, the market reacted significantly: U.S. Treasury yields fell, the dollar weakened, gold prices rose, and risk assets received a short-term boost. However, the response from cryptocurrency assets was relatively mild, indicating that the market has partially priced in expectations of slowing inflation.
Although the data is favorable for easing expectations, the Federal Reserve is likely to maintain interest rates at the upcoming rate meeting. Analysts generally believe that the rate cut window may be pushed back until after September. Due to the uncertainty of policy, the market's willingness to go long is still constrained.
In addition, there are new developments in industry dynamics. Société Générale announced that it will issue a dollar stablecoin in July, while the G7 summit will also discuss multinational regulatory cooperation on cryptocurrency assets. The ongoing involvement of traditional finance and regulatory agencies is pushing the cryptocurrency industry towards compliance and institutionalization, laying the foundation for its medium to long-term development.
#币安Alpha上新 Can't move the scroll... score is failing...
Binance Alpha has now launched PUNDI AI (PUNDIAI), eligible users can claim airdrop.
BlockBeats news, on June 12, according to the official announcement, Binance Alpha has now launched PUNDI AI (PUNDIAI).
Eligible Binance users, with at least 237 Alpha points, can claim an airdrop of 8 PUNDIAI tokens on the Alpha event page starting from June 12, 2025, at 14:00 in the UTC+8 time zone.
#BTC 6 June 12 Market Analysis Upper resistance levels: 109525 109695 110227 Lower support levels: 108282 107707 106775
Today, BTC is looking to see if it can hold above 108515 The lower support at 107707 must not be broken~~ If it breaks, the market turns bearish Currently, BTC has a bottom pattern in the 15-minute chart~~ In the order book, we need to see if the 2-hour price can return to the zero axis at 107707~ forming a rebound from the zero axis~ Whether the rebound is successful depends on the bottoming situation in the 15-minute and 30-minute charts~~
#ETH 6 December 12th Market Analysis Upper resistance levels: 2816 2831 2865 Lower support levels: 2743 2732 2712 2688 ETH is currently moving towards the zero axis on the 1-hour chart~~ looking at the height of the rebound~ If the resistance level is not broken, there is still a possibility of a pullback Looking at the internal time level for a downward trend~~ Key price at 2771~ let's see if it can stabilize today Key support below at 2688~~ if it doesn't break, wait for a 15-minute bottoming pattern~~ There will still be a rebound~~ Upper strong resistance at 2878~~ currently showing high divergence on the internal time level~~ The market is relatively weak~~
#加密市场反弹 Musk: Old Trump is completely out, once it's done, we'll be good again Trump: Not only completely out, but I've also added five times leverage, will issue a statement soon Musk: [Heart]
#BTC 6 June 11 Market Analysis Upper Resistance Level: 110227 (Breakthrough continues to rise) Lower Support: 108975 108637 107707 Relatively Safe Point: 106775 (If broken, the market turns bearish) Currently, Bitcoin has a daily golden cross~~ Let's see if it can stabilize above 109609~~ If it stabilizes, we look upwards If it doesn't stabilize, it will pull back and fluctuate~ Overall, as long as the market doesn't break below 107707~~ it remains a bullish market
Currently, there is a high-level death cross divergence~~ there is a need for a pullback
Fear Index: 72 Real Trading Long/Short Amount: Long 62% Short 39% Position Ratio: 0.51
Today, we will see if we can break and hold above 2810 ~ If we hold, we can look further up Lower support will see if it breaks below 2734 ~~ If it breaks, the market will weaken
The risk lies in the 1-hour time frame top divergence ~~ and returning to demand If it retraces and does not break, continue to look bullish ~~ If it breaks and rebounds without breaking the previous high ~~ the market turns bearish
On the daily chart, even pay attention to whether the MACD golden cross can be maintained ~~ If it breaks below the small support at 2788
Golden Morning News | Overview of Important Developments on June 11
21:00-7:00 Keywords: Uniswap, GameStop, Solana ETF, CLARITY Act, 1. Uniswap smart wallet is about to launch; 2. Sino-U.S. economic and trade consultations continue after lunch; 3. The U.S. CLARITY Act is under review by the House Agriculture Committee; 4. GameStop purchased 4,710 bitcoins between May 3 and June 10; 5. The U.S. SEC requires Solana ETF issuers to submit a revised S-1 form within next week; 6. The amendment to the CLARITY Act that “prohibits Trump from profiting from crypto assets” was rejected; 7. The U.S. White House: Reports that Treasury Secretary Basent is considered a candidate for the next Federal Reserve Chairman are false; 8. Michael Saylor refutes quantum computing threats: Bitcoin is far safer than banks and tech giants.
June 10, 2023 Market Analysis Upper Resistance Levels: 110772 110944 111959 (if previous high is not broken) Lower Support Levels: 109609 108955 107631
Focus on 109609 107631 below the big coin, as long as it does not break down, the bullish trend continues~~ Currently experiencing a 15-minute pullback~ Pay attention to the depth of the pullback~~ A bottoming pattern is appearing in the 5-minute chart~~ The possibility of a rebound is very high~ Fear Index: 71 Actual Long/Short Amount: Long 64% Short 26% Position Holder Ratio: 0.50
#ETH 6 June 10 Market Analysis Upper Resistance Levels: 2746 2791 2803 Lower Support Levels: 2678 2641 2634
If it breaks 2746, continue to look upwards, today pay attention to whether 2678 can hold~~ If it holds, there is still a possibility of an upward movement
Watch for whether the daily MACD has a golden cross~~ If there is no golden cross, there is a possibility of a pullback~~ Currently, the range for the second pancake is 2606-2788 directly~~ The 6-hour bottom pattern may continue to lead to another wave of market~~ Exercise caution when shorting~