Bitunix analyst: Tariff storm strikes again, triggering risk aversion, Bitcoin maintains a volatile pattern, focusing on the key range of 105K and 102.7K

This article is machine translated
Show original

On June 2nd, the US President Trump announced that steel and aluminum import tariffs would double to 50%, sparking market expectations of broader commodity tariff expansions like copper, with Goldman Sachs warning this could impact metal market price structures. Meanwhile, the Russia-Ukraine conflict shows no signs of easing, and sanctions pressure on Russia is increasing, driving gold purchases.Against this backdrop, BTC maintains a high-level oscillation, with market funds adopting a wait-and-see attitude, not yet clearly shifting towards risk assets or safe-haven assets.

Bitunix analysts suggest: The market is currently in a period of dual uncertainty in "policy and geopolitics", advising investors to focus on whether BTC can stand above and stabilize at $105,000 in the short term. If news continues to lean bearish, prevent price from breaking below $102.7K to avoid further pullback.Recommend tracking capital flows and safe-haven asset trends to assist in judging crypto market sentiment. Short-term operations should strictly control risks and patiently wait for market direction to become clear.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments