Yesterday, U.S. retail sales for May were weaker than expected, but consumer spending remains supported by robust wage growth. The dollar index weakened after the data release, but as the market digested the mixed signals from the data, the dollar quickly reversed its decline and ultimately closed higher.
The tensions between Iran and Israel have boosted demand for safe-haven assets, leading to declines in all three major U.S. stock indices. $BTC $ETH Bitcoin's white plate dropped sharply until the early morning turning point, falling by 2%, a decline of over 5000 points, while Ethereum fell in sync with a decline of 4.85%, dropping over 200 points. The market clearly favored short positions, completely engulfing Monday's upward trend.
6.16 This Week's Macroeconomic Trends and Bitcoin Development
After last week's dramatic rise and fall, the weekend's fluctuations gave everyone a slight breather. However, this week is expected to be lively, with the FOMC announcing the interest rate decision and old Powell holding a monetary policy press conference early Thursday morning.
$BTC $ETH Last Friday's tensions between Israel and Iran made the already unstable cryptocurrency market even more turbulent. Bitcoin and Ethereum experienced significant fluctuations, rapidly shrinking and testing the support level of 102652/2433 after failing to breach above 110000, while the market subsequently warmed up to 105000/2520, entering a range of upward movement.
This week, the market has been a back-and-forth wash between bulls and bears, it has been quite slick! $BTC $ETH Starting on Monday, the bulls pushed up 2000 points to around 107500, and most people thought it would follow last week's oscillating market to fall back, but the market sang a different tune.
On Tuesday, with support from major institutions and the rejuvenation of the Ethereum ecosystem, Bitcoin and Ethereum's bullish sentiment increased, continuing to rise, while retail investors were caught in a sleep trap. Bitcoin directly returned to 110,000, and Ethereum approached 2800. At this time, the market was filled with cries.
Last night, Trump said he was working to create a clear and simple market framework to enable the United States to dominate Bitcoin and cryptocurrency. The good news caused the market to rise briefly for a while, but it still failed to change the downward rhythm of the market, and the overall market fell in the early morning.
Then came the breaking news in the morning: the situation in the Middle East was turbulent, Israel launched an air strike on Iran, and the cryptocurrency circle was affected by the geopolitical situation and investors’ risk aversion sentiment escalated, causing Bitcoin and Ethereum to plummet! $BTC $ETH In the past 24 hours, a total of 250,000 people were liquidated worldwide, with a total liquidation amount of US$1.14 billion, of which US$1.06 billion was liquidated on long orders. Bitcoin fell 2.32% and Ethereum fell 4.53%. The overall market showed a deep correction trend.
6.12 Deep Water Bomb or Temptation? Analysis of Bitcoin and Ethereum Market
$BTC Currently, there are two possibilities for the market to climb.
1. A wave of good news in the evening or a statement from a big player in the market could release a strong bullish signal, then the market could form support in the current range of 107800-106800, starting a push towards 109800 and 112000.
2. First, create a deeper pullback to induce panic; if it briefly dips below 105000, then make a quick rebound at night + accelerate upward, trapping a new batch of shorts and achieving a breakout to a new high.
However, it is important to note that a significant pullback will inevitably release a lot of shorts that were positioned at low levels last week. It depends on whether the market makers are willing to do so. Overall, the trend is still bearish under the current big trend, and we should first observe the strength of the downward movement and the news in the coming days to assess the gap below.
The high-quality skirt embarks again, this time with a different model, focusing on high standards, mainly in long-term cooperation with Youmi, and also for old partners who want to reach a higher level. Without further ado, the morning market has made a pullback, and then at ten o'clock, Youmi's second round of short positions has started again, and it has successfully harvested.
As long as the direction is correct, there is no need to worry about results, there are plenty of opportunities. Friends who are still waiting for an uptick can take a break today. #美国加征关税 #加密圆桌讨论 #CPI数据来袭 #以太坊生态回暖
6.12 Macroeconomic Information Summary and Analysis
Due to the lower-than-expected CPI data boosting market expectations for rate cuts, the dollar index plummeted during the trading session, ultimately closing lower. The three major U.S. stock indices opened high but closed lower, with Bitcoin down 1.38% and Ethereum down 1.09%. The market is starting to cool off!
Crypto market news: 1. Trump stated that the Federal Reserve should lower interest rates by 1%. 2. U.S. May CPI growth was lower than expected, boosting sentiment in the crypto market. 3. The market expects the Federal Reserve to cut rates by a total of 77 basis points over the next year. 4. Bitcoin miner IREN plans to issue convertible bonds to raise $450 million. 5. Billionaire Paul Tudor Jones claims that buying Bitcoin is the best way to combat inflation.
Today's market overall tends towards a fluctuating trend, and the volatility is not as high as the previous two days, but the overall bullish trend remains unchanged. The market fluctuates back and forth at a high level, and it is difficult for the market to break through. After a while, it pulls back down. In this situation, the best operation is to follow the market rhythm and engage in short-term quick battles. As long as there is profit, take it directly. If you don't leave when it's time to leave and wait for the market to pull back, it will be in vain.
After the fluctuations in the white market, although the focus was on CPI results that were below expectations and favorable for the market, the upward trend was not ideal, and the fluctuations of the big pie and ether were quite disappointing. It really leaves a bad taste.
As U.S.-China trade negotiations deepen, the dollar index fluctuates around 99, ultimately closing higher. All three major U.S. stock indices closed up, while bitcoin fluctuated and fell by 0.53%. The Ethereum ecosystem rebounded, driving its price up overall by 4.61%.
Tariffs - Sources: India and the U.S. are expected to reach a temporary trade agreement by the end of the month, and the U.S. and Mexico are close to reaching an agreement on steel import tariffs. Recently, with the protests in Los Angeles, tensions are high on the streets, and troublesome events for Trump keep coming one after another, likely giving him a headache for a while. Trump: The Los Angeles riots are a 'foreign invasion.' A U.S. judge rejected California's request to immediately block the Trump administration from deploying troops to the state.
Summary of Dynamics in the Cryptocurrency Market News
Cryptocurrency is rising, and Bitcoin has returned to the $110,000 mark for the first time in two weeks, just $2,000 away from the historical high set in May. Ethereum stands at the $2,600 mark, rising nearly 5.5% on the day.
$BTC Hunter Horsley, CEO of Bitwise, stated that once Bitcoin breaks through $1.3 to $1.5 million, holders will be reluctant to sell. Currently, Bitcoin is priced at $100,000, and early investors who entered at low prices are partially selling. However, as Bitcoin breaks through new price levels, the selling situation will gradually decrease. Afterwards, when people need liquidity, more will choose to borrow from holders, which will further drive up Bitcoin prices, making the circulating Bitcoin increasingly scarce.
🛫 Long positions are well-fed, following the trend, and collecting honey all the way to the clouds!
Yomi's multiple positions continue to be verified, Auntie's six positions have collected honey 299 times
Others' screenshots of honey collection are always just that—others'. Wake up! Those fluctuating numbers are merely cold results; the real trading logic hidden behind them is the key to wealth! This industry has never been a game of luck—30% is strategy and layout, 70% relies on time and accumulation, just like brewing a good wine; when the time is right, the aroma naturally comes out.
Once Yomi accurately anchors the trend, it is as stable as Mount Tai throughout the process. No matter how many theories there are, they are all just talk on paper; it’s better to get into the actual market and see how Yomi strategizes and manages. After all, we have been deeply rooted in the cryptocurrency space for many years, with rich practical experience. Market opportunities are fleeting; if you haven't boarded yet, don't be a 'lemon' in front of the screen. Now is the time to enter; the next star to showcase a screenshot might just be you!
Recent Bitcoin price movements have drawn market attention, key dynamics are as follows:
• Support Level Confirmation and Market Sentiment: Before the weekly close on June 8, BTC/USD stabilized at $105,500, completing a 'successful retest' of the $100,000 support level. The market expects the adjustment phase to end, with traders betting on the continuation of the upward trend.
• Technical Signals: The daily line broke through the two-week downward trend line and turned into support, closing price stabilizing above the 10-day SMA. Trader Rekt Capital pointed out that if the support in the $106,600 area is further confirmed, it will strengthen the upward momentum.
• Liquidity and Volatility Expectations: Liquidity has accumulated above and below the spot price, potentially triggering a tug-of-war between bulls and bears. Analyst Cas Abbe pointed out that current liquidation data shows that a 10% increase would trigger $15.11 billion in short liquidations, while a 10% decrease would liquidate $9.58 billion in long positions. Negative funding rates indicate increased short positions over the weekend, suggesting a possibility of significant volatility next week, targeting $109,000-$110,000.
It's Monday again, and June is about to end this week as we approach the middle of the month. However, looking at the daily chart since June 1, the market has recently shown a positive V-shaped trend, offsetting the previous sharp drop.
After the release of various data reports last week, the market has not seen a pullback over the weekend, showing a trend of fluctuating upward, but the movement is relatively slow. The bulls and bears are pulling against each other, with pressure and resistance moving together.
Currently, market sentiment is cautiously observing. On one hand, ETFs for BTC and ETH continue to attract capital inflows, and institutions have a clear long-term optimistic trend; on the other hand, CME open interest is decreasing, and institutions like BlackRock are reducing holdings, reflecting profit-taking and a tendency to hedge.
Review of Bitcoin, Ethereum, and Major Events from June 2 to June 6
This week, Bitcoin and Ethereum experienced relatively calm movements from Monday to Wednesday, maintaining short oscillations. On Thursday, they faced the third crash after a surge to 110,000. Bitcoin fell over 5,000 in a day, and Ethereum dropped 250. Retail investors faced liquidation. From Friday until today, the overall volatility has shown a warming trend, with the market displaying a normal corrective posture.
Review of major events this week. 1. Trump calls on the Senate to pass the bill. Trump urged the Senate to retain the hardline conservative provisions in his 'Beautiful America Act.'
Connecticut Senator Chris Murphy stated that the bill is an 'absolute disaster' for the American middle class and the poor. Murphy remarked, 'The bill is just trying to enrich Trump's billionaire class, his friends at Mar-a-Lago, and his business allies at the expense of ordinary Americans.'
$BTC On the daily chart, a small bullish bar with a lower shadow indicates that the closing price is higher than the opening price, but recent trading volume has decreased, showing a weakening upward momentum. After two big players clashed online the day before, the two tokens plummeted, testing the lower support at 100333.
Next are the non-farm payroll data and Trump's call for another rate cut. Bitcoin rebounded nearly 5000 points, but has not been able to reach the 106000 resistance level, indicating strong resistance above. The market is erratic with both long and short squeezes.
The market is currently in a state of consolidation, and some analysts predict that prices may continue to rise based on funding rate data, but overall market enthusiasm is moderate, lacking strong upward momentum.
At 8:30 PM Beijing time on Friday, the U.S. Bureau of Labor Statistics will release the highly anticipated May non-farm employment report. As businesses and consumers prepare for higher tariffs and economic uncertainty, it has almost become a foregone conclusion that employment growth in May will significantly slow down. The key question now is 'how much will it slow down?' The current forecast for non-farm data is 130,000, down from the previous value of 177,000.
A slight deviation from recent trends may not trigger concerns, but data that exceeds this range could lead to a new round of market worries about the labor market and overall economy, potentially prompting the Federal Reserve to take faster-than-expected rate actions.
After a long night, the situation has finally stabilized! Bai Pan You Mi withdrew its short position on the Silk Road after confirmation in the evening, followed by positive news. Dou Kong made a few moves to clean up the market, and You Mi's bullish outlook on the Silk Road had to change direction and run away. In the early morning, the bears brought down the volume, and after a quick adjustment on You Mi's side, it flipped the situation again. Last night was a carnival for Kong Dan, and also a sleepless night for Dou Dan; I believe many people lost here. This is when the importance of real-time monitoring and professional operation can be reflected. It's not scary to be on the wrong direction; if you notice the trend is not right, turning around in time is still possible. What's frightening is if you keep chasing the wrong direction, then you can only wait for the explosion.
In the early morning, the hourly K-line chart showed a continuous drop of 6 consecutive bearish candles. The bears continued to test around 100333 before stopping, with a normal recovery above 102000 in the morning, indicating that the evening market's previous few days of fluctuation was aimed at cleaning out Dou Dan at the 100K-110K range.
Currently, from the four-hour level, a long lower shadow line appeared at the bottom, followed by two bullish candles in the morning, indicating short-term signs of a bullish comeback. After two consecutive days of bearish close at the daily level, a hammer line with a long lower shadow appeared, but today has yet to confirm the effectiveness of the reversal.
After a sharp drop in volume at the four-hour level, the volume during the upward phase in the morning decreased step by step, further indicating that this Dou Tou counterattack is just a normal market repair, and the bearish momentum still dominates.
The EMA double lines are still pointing downwards, the MACD histogram shows a bearish arrangement, and the DIF and DEA have continued to diverge after a death cross below the zero axis, but the MACD histogram is shrinking; a death cross occurred after a top divergence at the daily level.
The RSI has risen from the oversold zone to the neutral zone, showing three bottom divergences at the one-hour level. Currently, the position of 103500 has become the recent resistance, while the support at 100333 below is still uncertain.
The non-farm payroll will be announced in the evening; if the positive factors continue and the market rebounds, it is expected to return above 105000, indicating that the upward channel has not yet stopped. Conversely, if the market pulls back again, then 98000 will be the new support area, which would be a bit disappointing this month.
Currently, the two big players are still arguing, and there will be news support in the evening, making the situation tense.
In the afternoon, You Mi's short-term rebound on the empty Silk Road. Big Cake 103000-103500, Kong looks to 101500-101800. Aunt 2460-2480, Kong looks to 2400-2420. #特朗普马斯克分歧 #加密市场回调 #美国初请失业金人数 #美国加征关税
Key News: 1, Reports suggest a US-Canada agreement may be reached next week, and US-EU tariff negotiations are progressing in the right direction.
Tariffs: Reports suggest a US-Canada agreement may be reached next week; the Canadian Prime Minister stated that if negotiations fail, Canada is prepared to take retaliatory measures against the US; EU trade officials: Negotiations with the US are steadily advancing in the right direction; UK Prime Minister: Very confident in being able to reduce US tariffs in a very short time; US Commerce Secretary: Will complete analysis and establish tariff standards for aircraft parts by the end of the month; there will be no mutual elimination of tariffs and barriers with Vietnam.
Key news: 1. Trump's 50% steel and aluminum tariffs take effect today
Trump signed an order on Tuesday to raise the tariffs on steel and aluminum from 25% to 50% starting June 4, calling this move necessary for national security. The White House stated that raising tariffs will support related industries and reduce the threat of imported products to national security. Currently, the United States is negotiating with trade partners regarding the so-called reciprocal tariffs before the July 9 deadline. The Trump administration has urged countries to submit their best trade negotiation proposals by this Wednesday, escalating trade tensions.
Insider: The US has presented a 'long and stringent' list of demands to Vietnam in tariff negotiations;
6.3 Afternoon Market Analysis The morning market surged and then experienced a normal pullback; currently, the market is undergoing a normal retreat with a weakening of the bears. It has stabilized above 105000/2580, and on the hourly chart, it still maintains a bullish arrangement, indicating that the support level near EMA7 is effective, and the short-term bullish trend is relatively strong. The hourly MACD is still above the level, but the current trading volume is sluggish, and the moving averages are hovering near the level. In the future, it is advisable to cautiously observe the market direction; if there are no rebound signals in the afternoon, the market may first undergo a period of sideways adjustment to consolidate the bullish advantage before continuing to advance toward 107000/2680. In this case, the short-term oscillation will likely continue to be disrupted, and an upward shift may occur again at lower levels. Conversely, it will continue to experience weekly oscillation and pullback.
In the afternoon, Yumi suggests continuing to pull back for Dashi Road operations. Bitcoin Looking at 106500-107500 from 104800-105200 Ether Looking at 2650-2680 from 2580-2600