On June 13 early morning, Bitcoin dropped from $108,000 to $102,664, with a rare seven consecutive declines on the four-hour line. Ethereum fell from around $2,800 to $2,455, with a rare nine consecutive declines on the four-hour line. Altcoins generally plummeted due to the market impact. According to Coinglass, the 24-hour network liquidation reached $1.12 billion, with long positions liquidated at $1.04 billion.
On June 16, Iran transmitted a message through an Arab intermediary to Israel and the United States, expressing willingness to return to the negotiation table, seeking to end hostilities and resume talks about its nuclear program. Influenced by this positive news, Bitcoin briefly rose to $108,000 before retreating.
Additionally, the Federal Reserve's interest rate reduction pace and other policy factors continue to affect the crypto market. Can BTC create a new high? Will the anticipated Altcoin season arrive? Let's see what traders in the market think.
Related Reading: 《Middle East Crisis Becomes Crypto Killer Again, BTC Four-Hour Line Seven Consecutive Declines》
(The rest of the translation follows the same professional and accurate approach)@market_beggar
For the market trend of the new week, here are several predictions: If BTC returns to the lower area for testing and falls deep into the green area, it is likely to break through; there is still a large amount of short-side liquidity around 110,000, and small-scale ups and downs are difficult to predict, but the probability of BTC reaching a new high on a larger scale has increased.
Data Analysis Team
@Murphychen888
Behind the strong market oscillation, traders have begun to focus on key on-chain variables: profit-taking scale and new fund demand, to judge the true momentum of the current Bitcoin market.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]
