Gate news, on Friday (June 20th), well-known opinion leader (KOL) in the Chinese crypto world, Phyrex Ni, pointed out in a post on social media platform X that the entire market is still gambling around geopolitical conflicts, and there is currently no possibility of the Middle East war coming to an end. As for Bitcoin (BTC) support data, the chips between 100500-105000 USD continue to increase.
Phyrex wrote: "The homework is not hard to write; the entire market is still gamifying around geopolitical conflicts. Powell stated that the war in the Middle East has a short-term impact on energy prices, meaning that it won't significantly affect inflation. However, looking at today's rise in oil prices, many investors are still concerned. Today, the price of US oil soared to nearly $76, and Brent is almost $79, indicating that there is no possibility of the war ending anytime soon."
He pointed out that it is still unclear whether the United States will get involved, and the latest information released by President Donald Trump is that a decision on whether to negotiate or make a decision will be made in two weeks. "I find that Trump really likes the number two weeks; the last time he gave Russia the same time frame, but ultimately there was no result. This statement should be seen as putting pressure on Iran with an ultimatum."
"However, after multiple bombings of Kyiv by Putin in Russia early yesterday morning, he publicly expressed his readiness to start negotiations with Ukraine. It is unclear how Ukraine will decide now, but it gives the impression that Putin wants to take revenge first before discussing anything else. Overall, the main market sentiment is still focused on the geopolitical conflict, but in July, the issue of increasing tariffs will arise. Currently, it seems that the probability of continuing to postpone reciprocal tariffs is quite high."
Phyrex continues to point out that looking back at Bitcoin's data, the liquidity and turnover rate are still very low because the U.S. stock market is closed on Friday, just like on weekends. The main turnover comes from investors who have chased highs in the past two days, and the geopolitical conflicts have not triggered panic among early investors; market sentiment is still good.
"From the support data, the support between $93,000 and $98,000 remains strong, but the accumulation of chips between $100,500 and $105,000 continues to increase. The volume in this range will soon exceed the volume in the support area, especially since the volume between $104,000 and $105,000 has already surpassed 1.2 million Bitcoins."
"It seems okay for now, but if this continues to pile up, especially after the single price exceeds 1 million coins, investors will be more urgent in their choice of direction. The risk will increase."
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HighYieldUltra-Stable
· 06-20 06:20
BTC is buying and buying, watch me buy BTC and achieve financial freedom.
Phyrex Ni: Bitcoin (BTC) is maneuvering around geopolitical conflicts, with chips continuing to rise between 100,500 and 105,000 USD.
Gate news, on Friday (June 20th), well-known opinion leader (KOL) in the Chinese crypto world, Phyrex Ni, pointed out in a post on social media platform X that the entire market is still gambling around geopolitical conflicts, and there is currently no possibility of the Middle East war coming to an end. As for Bitcoin (BTC) support data, the chips between 100500-105000 USD continue to increase.
Phyrex wrote: "The homework is not hard to write; the entire market is still gamifying around geopolitical conflicts. Powell stated that the war in the Middle East has a short-term impact on energy prices, meaning that it won't significantly affect inflation. However, looking at today's rise in oil prices, many investors are still concerned. Today, the price of US oil soared to nearly $76, and Brent is almost $79, indicating that there is no possibility of the war ending anytime soon."
He pointed out that it is still unclear whether the United States will get involved, and the latest information released by President Donald Trump is that a decision on whether to negotiate or make a decision will be made in two weeks. "I find that Trump really likes the number two weeks; the last time he gave Russia the same time frame, but ultimately there was no result. This statement should be seen as putting pressure on Iran with an ultimatum."
"However, after multiple bombings of Kyiv by Putin in Russia early yesterday morning, he publicly expressed his readiness to start negotiations with Ukraine. It is unclear how Ukraine will decide now, but it gives the impression that Putin wants to take revenge first before discussing anything else. Overall, the main market sentiment is still focused on the geopolitical conflict, but in July, the issue of increasing tariffs will arise. Currently, it seems that the probability of continuing to postpone reciprocal tariffs is quite high."
Phyrex continues to point out that looking back at Bitcoin's data, the liquidity and turnover rate are still very low because the U.S. stock market is closed on Friday, just like on weekends. The main turnover comes from investors who have chased highs in the past two days, and the geopolitical conflicts have not triggered panic among early investors; market sentiment is still good.
"From the support data, the support between $93,000 and $98,000 remains strong, but the accumulation of chips between $100,500 and $105,000 continues to increase. The volume in this range will soon exceed the volume in the support area, especially since the volume between $104,000 and $105,000 has already surpassed 1.2 million Bitcoins."
"It seems okay for now, but if this continues to pile up, especially after the single price exceeds 1 million coins, investors will be more urgent in their choice of direction. The risk will increase."
(Source: X, Glassnode)