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The crypto assets market has recently shown a complex situation, with multiple factors intertwining to influence market trends. The Vice Chairman of the Federal Reserve (FED) recently stated that he might support interest rate cuts in July, which has injected a certain level of optimism into the market. However, investors should also be wary of the disappointment that excessive expectations may bring.
At the same time, the tense international situation has brought uncertainty to the market. Although the conflict between the United States and Iran has eased, the situation remains unstable and may continue to affect the global financial market.
In terms of regulation, Norway is considering banning new PoW mining farms, which could put some pressure on Bitcoin prices. Investors should closely monitor policy changes regarding Crypto Assets in various countries.
The CPI data to be announced on June 25 will be the focus of market attention. If the inflation data exceeds expectations, it may exacerbate market concerns about tightening monetary policy, which would be unfavorable for Crypto Assets such as Bitcoin. Conversely, inflation data that is below expectations may boost risk assets.
In terms of ETF capital flows, recent data shows a divergence in capital inflows and outflows among major ETF products. This reflects the differences in investors' views on the market outlook and is worth ongoing attention.
From a technical perspective, the price of Bitcoin has currently broken away from the previous downward trend, with short-term support levels around $102,500 to $102,700, and the next support level at $100,900. The upper resistance level is around $106,800. Market liquidity analysis shows that bullish positions below have significantly decreased, while short positions have begun to accumulate around $110,000.
Overall, the current market is in a sensitive period, where macroeconomic factors, policy changes, and technical aspects may have a significant impact on price trends. Investors should remain vigilant, closely monitoring the development of various indicators and events, and adjust their investment strategies in a timely manner.