On June 4th, the US Treasury announced a record-breaking $10 billion US debt repurchase operation, which was viewed by the market as a "streamlined QE", intending to alleviate long-term interest rate pressure and stabilize the financial market. This move reflects the Federal Reserve's continued wait-and-see attitude in the current high-interest-rate environment, while the Treasury actively intervenes to "support the market", which may lead to early expectations of future monetary policy adjustments. Although not a formal quantitative easing, this action provides substantial support for asset prices.
Bit UNI analyst recommends: In the short term, improved US dollar liquidity will boost risk asset performance, and the crypto market may benefit. Bitcoin's trend in the $105,000 area remains unclear. If liquidity is further released, it may explore up to $108K; however, if market uncertainty about policies resurfaces, investors should pay attention to the defense zone of $103,000–$102,000. It is recommended to adopt a range-trading strategy, buying on dips, avoiding chasing highs, and closely tracking the Treasury's further repurchase plans and market interest rate changes this week. If bond market tension eases, it will be favorable for Bitcoin to expand its upward space.
