Bitunix analyst: Russia-Ukraine conflict intensifies, Trump rarely condemns Putin, short-term risk aversion demand for crypto assets heats up, it is recommended to pay attention to BTC 104K support and 110K pressure

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On May 26, according to foreign media reports, US President Trump rarely publicly condemned Russian President Putin, stating that he was "very surprised" that Putin continued to bomb Ukrainian cities during their phone conversation. Trump pointed out that Putin is "killing a large number of innocent civilians" and emphasized "I do not like his actions". Although Trump previously emphasized his desire to broker a ceasefire, Russia recently launched its largest air strike to date, causing civilian casualties and drawing international condemnation. Ukrainian President Zelensky called on Western allies to increase pressure on Russia and stated that Ukraine is ready for a ceasefire.

Bitunix analysts suggest: Against the backdrop of escalating geopolitical tensions, financial markets may experience short-term risk aversion and pressure on high-risk assets. The cryptocurrency market may have the opportunity to absorb some funds as a safe haven. It is recommended to focus on observing BTC's 106K-105K short-term long liquidation area and 110.5K-111.2K short liquidation area.

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.
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