Bitcoin resilience tested, follow $95,000 support, geopolitical situation affects crypto market.

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Geopolitical conflicts intensify, Bitcoin's $95,000 support level is in focus, Ethereum faces a test at $2,036.

1. Market Observation

Keywords: crude oil, Ethereum, Bitcoin

Significant fluctuations were observed in the global financial markets when they opened on Monday, primarily due to the escalation of geopolitical tensions in the Middle East. The spot gold price surged to $3398 per ounce, while Nasdaq futures fell by 0.9%, and WTI crude oil prices opened 3.7% higher. Nevertheless, the initial market reaction was relatively restrained. Some analysts predict that if the situation quickly eases, oil prices will retreat to $60 per barrel, but continued tensions could drive prices up to $130 per barrel. Against this backdrop, the movement of the US dollar has become the market focus.

Recently, the global financial markets have been violently shaken due to escalating geopolitical conflicts and the Federal Reserve's decision to maintain interest rates. Affected by the situation in the Middle East, gold prices soared by 3.17% from June 11 to June 13, but after the Federal Reserve's interest rate decision on June 18, gold faced selling pressure, dropping about 0.6% by June 21. Meanwhile, Bitcoin has shown strong resilience, maintaining a price around 100,000 USD, and has only fluctuated between 100,000 and 110,000 USD over the past 42 days. Some believe that Bitcoin is gradually shifting from a speculative asset to a long-term investment, as its decentralized and limited supply characteristics become increasingly attractive amid global uncertainty.

HashKey Trading Moment: Geopolitical conflicts intensify, Bitcoin's $95,000 support level is under focus, ETH faces a test at $2,036

In an environment of increasing macro uncertainty, Bitcoin has rebounded above $100,000 after dropping below $99,000. According to analysis, there may be three scenarios for Bitcoin's future trajectory: maintaining the current range and reaching new highs; dropping below the current range to $95,000 and entering a bear market; or testing $95,000 before regaining $100,000 and further rising to the range of $114,000 to $116,000. Specific resistance levels are $104,000, $106,000, and $110,000, while support levels are $98,000 and $95,000. Some analysts have pointed out that if Bitcoin drops below $100,000, it may test $95,000 again as well as the bull market support zone. At the same time, some opinions suggest 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 a further decline towards the range of $92,000 to $94,000.

In terms of Ethereum, some analyses indicate that its performance remains weak, with prices constrained by a descending trend line, having broken below the previously important support level of $2378, and showing a bearish technical pattern. It is advised to follow its performance at the resistance level of $2378; if it cannot break through, it may further drop to the demand levels of $2114 or even $2036.

HashKey Moment: Geopolitical conflicts escalate, Bitcoin's $95,000 support level is under follow, ETH faces a test at $2036

While mainstream coins are consolidating, the altcoin market is also relatively flat. A token named $BlackCoin has emerged on the Solana chain, with its market story revolving around an AI-generated "dark web coin," claiming to be used for shadow markets and illegal trading networks, with a current market cap of approximately $1.4 million. Another token related to geopolitical hotspots is $Oil, which positions itself as "digital oil," currently having a market cap of about $2.9 million. Meanwhile, a fast pass $ERC-69 has appeared on the Ethereum chain, launched through Klik, inspired by a fictional proposal created by AI, with its market cap once soaring to $11 million.

2. Key Data (as of June 23, 12:00 HKT)

  • Bitcoin: $101,351 (Year-to-date +8.43%), Daily Spot Trading Volume $47.847 billion
  • Ethereum: $2,239.19 (Year-to-date -32.84%), daily spot trading volume is $24.261 billion
  • Fear and Greed Index: 37 (Fear)
  • Average GAS: BTC: 0.52 sat/vB ETH: 0.44 Gwei
  • Market share: BTC 64.9%, ETH 8.7%
  • 24-hour BTC long-short ratio: 1.0825
  • Sector Performance: SocialFi decreased by 3.2%; DePIN sector declined by 3.1%
  • 24-hour liquidation data: A total of 184,598 people were liquidated globally, with a total liquidation amount of $642 million, including $232 million in BTC liquidations, $188 million in ETH liquidations, and $21.57 million in XRP liquidations.
  • BTC medium to long-term trend channel: upper line of the channel (105463.14 USD), lower line of the channel (103374.76 USD)
  • ETH medium to long-term trend channel: upper line of the channel (2462.37 USD), lower line (2413.61 USD)

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

3. ETF Flows (as of June 20)

  • Bitcoin ETF: +6.3658 million USD (net inflow for 9 consecutive days)
  • Ethereum ETF: -$11,344,400

4. Today's Outlook

  • A trading platform will support the Zilliqa network upgrade and hard fork on June 23.
  • A certain platform will launch DeLorean (DMC) on June 24.
  • SOON (SOON) will unlock approximately 41.88 million tokens on June 23 at 4:30 PM, accounting for 22.41% of the current circulation, valued at approximately 8.4 million USD.
  • Federal Reserve Governor Bowman speaks on monetary policy and the banking sector (June 23, 22:00)
  • Federal Reserve Chairman Powell delivers semiannual monetary policy report testimony before the House Financial Services Committee (June 24, 22:00)

Top 500 market cap biggest gains today: FUN Token ( FUN ) up 67.51%, Banana For Scale ( BANANAS 31) up 21.43%, Bubblemaps ( BMT ) up 13.79%, Keeta ( KTA ) up 11.06%, XPR Network ( XPR ) up 10.83%.

5. Trending News

  • Macroeconomic Outlook for This Week: Trump is looking for trouble everywhere, Powell will "go to the meeting alone".
  • Data: Tokens such as BLAST, VENOM, SOON will see large unlocks, with BLAST unlocking a value of approximately $22.5 million.
  • This week's forecast | Powell delivers semi-annual monetary policy testimony; Blast (BLAST) and Venom (VENOM) unlock tokens worth tens of millions of dollars.
  • A certain platform has launched Bulla (BULLA), eligible users can claim airdrop of 750 BULLA tokens.
  • A certain platform will launch the Humanity Protocol (H)
  • Ark sold more than 600,000 shares of Circle stock again on June 20, earning approximately $243 million in net profit from the last three sales.
  • The governor of Texas signed the SB 21 bill, becoming the third state to establish a Bitcoin reserve.
  • The giant whale AguilaTrades has once again opened a 20x short position of 1000.82 BTC at dawn, currently facing a floating loss of 1.34 million USD.
  • Arthur Hayes: The current weakness in the market is temporary, and Bitcoin's status as a safe haven will be unquestionable.
  • Suspected Abraxas Capital currently has a floating profit of 79.92 million dollars by shorting BTC, ETH, and 3 other tokens.
  • Wyoming stablecoin WYST is set to launch on August 20.
  • Bloomberg analyst: Has raised the probability of most spot crypto ETFs being approved to 90% or higher
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SchrödingersNodevip
· 16h ago
Waiting for 95,000 to get BTC
View OriginalReply0
GasSavingMastervip
· 16h ago
It's only a matter of time before BTC breaks 100,000.
View OriginalReply0
NftMetaversePaintervip
· 16h ago
fascinating how the market's algorithmic patterns mirror my latest generative artwork on chaos theory...
Reply0
DYORMastervip
· 17h ago
A bull run needs to go through several pullbacks to be healthy.
View OriginalReply0
0xOverleveragedvip
· 17h ago
The sideways trend is not good.
View OriginalReply0
FrogInTheWellvip
· 17h ago
If it falls, do Margin Replenishment
View OriginalReply0
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