The US stock market opened weakly today, with the three major indices immediately falling after the opening, showing overall pressure, and the Nasdaq index also weakened accordingly. The latest US unemployment claims data is 248,000, higher than the market expectation of 240,000, while the Producer Price Index (PPI) data also showed a slight rise.
In this macroeconomic context, Bitcoin and Ethereum may continue to maintain a volatile downward trend in the short term. Evening trading should focus on the two key price levels of $106,000 and $2,700. If the price falls below these levels, the market may further test the support levels of $105,000 and $2,650.
In the absence of favorable news to boost the bulls, investors may need to remain cautious and pay attention to the short-term downward trend. Recently, the market has also been influenced by U.S. tariff policies, inflation data, and discussions related to alternative coin ETFs, all of which could further impact the cryptocurrency market.
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PumpStrategist
· 2h ago
The boundary between bulls and bears is already obvious.
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OnChainDetective
· 06-14 04:32
Large Investors are keeping price low by creating resistance and close all positions.
The US stock market opened weakly today, with the three major indices immediately falling after the opening, showing overall pressure, and the Nasdaq index also weakened accordingly. The latest US unemployment claims data is 248,000, higher than the market expectation of 240,000, while the Producer Price Index (PPI) data also showed a slight rise.
In this macroeconomic context, Bitcoin and Ethereum may continue to maintain a volatile downward trend in the short term. Evening trading should focus on the two key price levels of $106,000 and $2,700. If the price falls below these levels, the market may further test the support levels of $105,000 and $2,650.
In the absence of favorable news to boost the bulls, investors may need to remain cautious and pay attention to the short-term downward trend. Recently, the market has also been influenced by U.S. tariff policies, inflation data, and discussions related to alternative coin ETFs, all of which could further impact the cryptocurrency market.