BTC fluctuates at 100,000 USD, analysts follow the ETH 2378 USD resistance level.

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The crypto market is volatile, with attention on the support levels of BTC and ETH.

The global financial markets have experienced significant fluctuations due to escalating geopolitical tensions. Spot gold prices surged to $3398 per ounce at one point, while Nasdaq index futures fell by 0.9%, and WTI crude oil prices opened up 3.7%. Analysts predict that if the situation eases quickly, oil prices will retreat to $60 per barrel, but if tensions persist, oil prices could soar to $130 per barrel. The performance of the dollar has become the market focus, gaining support in the short term due to safe-haven sentiment, though some strategists believe that a stronger dollar could become a major trade this summer.

Recently, the global financial market has experienced severe fluctuations due to escalating geopolitical conflicts and the Federal Reserve's decision to maintain interest rates. Gold prices soared by 3.17% from June 11 to June 13, but faced sell-offs after the Fed's rate decision, falling approximately 0.6% by June 21. Bitcoin has shown strong resilience, maintaining a price around 100,000, and has only fluctuated between 100,000 and 110,000 over the past 42 days. Some analysts believe that Bitcoin is gradually shifting from a speculative asset to a long-term investment, with its decentralized nature and limited supply becoming increasingly attractive amid global uncertainty.

In an environment of increasing macro uncertainty, Bitcoin has rebounded above $100,000 after dropping below $99,000. Analysts have provided specific resistance levels ($104,000, $106,000, $110,000) and support levels ($98,000, $95,000). Some opinions suggest that if Bitcoin drops below $100,000, it may test the $95,000 level and the bull market support zone again. Meanwhile, some analysis indicates that Bitcoin is approaching the key support of the daily EMA-100 moving average, and if the daily closing price falls below $99,000, it could trigger further declines to the range of $92,000 to $94,000.

HashKey Trading Moment: Geopolitical conflicts intensify, Bitcoin $95,000 support level under follow, ETH faces $2036 test

In terms of Ethereum, the price is constrained by the descending trend line, having broken below the previous important support level of 2378 USD. It is recommended to follow its performance at the resistance level of 2378 USD; if it cannot break through, it may further test the demand levels at 2114 USD and even 2036 USD.

HashKey Trading Moment: Geopolitical conflicts intensify, Bitcoin $95,000 support level under follow, ETH facing $2036 test

While mainstream cryptocurrencies are consolidating, the altcoin market is also relatively subdued. A token called $BlackCoin has emerged on the Solana chain, with its market narrative centered around an AI-generated "dark web coin," currently valued at approximately $1.4 million. Another token related to geopolitical hotspots is $Oil, which positions itself as "digital oil," currently valued at around $2.9 million. On the Ethereum chain, a quick pass token $ERC-69 has appeared, launched via Klik, inspired by a fictional proposal created by AI, with its market cap once climbing to $11 million.

Key data shows that the current price of Bitcoin is $101,351, with a year-to-date increase of 8.43%; the price of Ethereum is $2,239.19, with a year-to-date decrease of 32.84%. The Fear and Greed Index is at 37, indicating a state of fear. Bitcoin's market share is 64.9%, while Ethereum's is 8.7%. In the past 24 hours, a total of 184,598 people have been liquidated globally, with a total liquidation amount of $642 million.

Regarding ETFs, as of June 20, the net inflow of Bitcoin ETFs is $6.3658 million, continuing a 9-day net inflow; the net outflow of Ethereum ETFs is $11.3444 million.

Future market focus includes the Zilliqa network upgrade and hard fork, the launch of DeLorean (DMC), the unlocking of SOON token, and speeches from Federal Reserve officials. This week, the top 500 tokens by market capitalization with the largest gains include FUN Token (FUN), Banana For Scale (BANANAS31), and Bubblemaps (BMT), among others.

HashKey Trading Moment: Geopolitical conflicts intensify, BTC 95,000 USD support level under follow, ETH faces 2036 USD test

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WalletManagervip
· 08-07 08:24
On-chain data remains healthy, long order is as steady as a mountain.
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DAOplomacyvip
· 08-07 08:01
historically speaking... btc always outperforms in chaos
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