Yesterday, the crypto assets market exhibited a sideways fluctuation, but subsequently experienced significant volatility due to geopolitical factors. After the news that the Iranian parliament approved the closure of the Strait of Hormuz, the price of Bitcoin plummeted sharply, briefly approaching the $98,000 mark. Other major crypto assets also weakened accordingly.
Despite a slight rebound in the market later, investor sentiment remains cautious due to the potential U.S. intervention in the Middle East conflict. Analysts point out that if Bitcoin falls below the $100,000 mark again, it could trigger further downward trends.
From a technical perspective, the Bitcoin 4-hour chart shows consecutive bearish candles and has fallen below an important support level. Other major crypto assets are also performing weakly and have not yet broken through key resistance levels. In this situation, investors may continue to maintain a cautious attitude.
Market observers expect Bitcoin to seek support in the range of $101,300 to $101,800, and if it fails to hold that support, it may further drop to levels of $98,000 or even $97,000. Meanwhile, Ethereum may fluctuate in the range of $2,260 to $2,290, and if it breaks down, it could test support levels of $2,180 to $2,150.
Investors should closely monitor the developments in global geopolitical situations, as these events may have a significant impact on the crypto assets market. At the same time, it is also important to pay attention to the monetary policies and regulatory trends of major economies, as these factors can also influence market direction.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
7 Likes
Reward
7
9
Share
Comment
0/400
GovernancePretender
· 06-23 23:35
Did it fall again?
Reply0
SignatureAnxiety
· 06-23 14:47
Having money is not as good as having life.
Reply0
BearEatsAll
· 06-23 08:28
All in干饭
Reply0
metaverse_hermit
· 06-23 02:50
It's boring to be sideways every day.
Reply0
ImpermanentPhilosopher
· 06-23 02:48
One-click close all positions and leave.
Reply0
TokenSherpa
· 06-23 02:44
*actually* the data patterns suggest this is a textbook governance-driven market correction. let me break this down objectively...
Reply0
DAOplomacy
· 06-23 02:43
sub-optimal geopolitical incentives at play... path dependency suggests further downside risk tbh
Reply0
HashBard
· 06-23 02:32
markets dancing with geopolitics again... poetry in pain tbh
Yesterday, the crypto assets market exhibited a sideways fluctuation, but subsequently experienced significant volatility due to geopolitical factors. After the news that the Iranian parliament approved the closure of the Strait of Hormuz, the price of Bitcoin plummeted sharply, briefly approaching the $98,000 mark. Other major crypto assets also weakened accordingly.
Despite a slight rebound in the market later, investor sentiment remains cautious due to the potential U.S. intervention in the Middle East conflict. Analysts point out that if Bitcoin falls below the $100,000 mark again, it could trigger further downward trends.
From a technical perspective, the Bitcoin 4-hour chart shows consecutive bearish candles and has fallen below an important support level. Other major crypto assets are also performing weakly and have not yet broken through key resistance levels. In this situation, investors may continue to maintain a cautious attitude.
Market observers expect Bitcoin to seek support in the range of $101,300 to $101,800, and if it fails to hold that support, it may further drop to levels of $98,000 or even $97,000. Meanwhile, Ethereum may fluctuate in the range of $2,260 to $2,290, and if it breaks down, it could test support levels of $2,180 to $2,150.
Investors should closely monitor the developments in global geopolitical situations, as these events may have a significant impact on the crypto assets market. At the same time, it is also important to pay attention to the monetary policies and regulatory trends of major economies, as these factors can also influence market direction.