Geopolitical storms sweep through the crypto world

Israel's strike on Iran's nuclear facilities has triggered market panic, causing Bitcoin to briefly fall below the $103,000 mark. Although the long-term fundamentals remain unchanged, short-term risk aversion is dominant, and the technical outlook on the 4-hour level is weakening. If it cannot quickly recover $105,000, it may enter a monthly consolidation adjustment period.

U.S. economic data "dampens enthusiasm"
The latest number of unemployment claims reached 248,000 (expected 240,000), marking an 8-month high, signaling potential cooling in the job market. The core Producer Price Index (PPI) for May rose only 0.1% (expected 0.3%), easing inflationary pressures, and traders are fully betting on two rate cuts by the Federal Reserve within the year.

Trump "fires" at the Federal Reserve
Former President Trump angrily criticized Powell as "stupid," calling for an immediate rate cut of 200 basis points. Current market focus: When will the Federal Reserve pull the trigger on rate cuts? The stock market and the crypto world are both holding their breath.

The crypto world portrait

Undercurrents in traditional markets
SharpLink Gaming plummeted 70% after hours due to PIPE investors selling off. Tencent may acquire South Korean gaming giant Nexon, with related concept stock $NXPC surging 11% yesterday before pulling back.

NFT winter
The Solana ecosystem trading platform Solsniper announced its closure today, intensifying the reshuffle in the industry.

Operation Reminder
Bitcoin's short-term focus is on the battle for $105,000; if it fails to hold, we need to be wary of a monthly-level adjustment. Altcoins are "for fun, not for love," and contract leverage should be approached with caution! Surviving is necessary to wait for the favorable winds of interest rate cuts. Be alert to the risks of escalating geopolitical conflicts, as the volatility of digital assets may continue to amplify.
(Note: The market has risks, investment requires caution, and do not leverage to bet on direction!)