June 3, 2026, 10:35 AM BTC/XAU Analysis of the Three Main Reasons Triggering Market Violent Drop!

That night, the market took down 265,070 people and $1.63 billion, with bulls almost completely wiped out!
Three main reasons:
① Tightening regulations in the East, everyone is watching Futu’s several trillion dollars in liquidity that will be phased out in the next few years, but underestimated the severity of East Asian regulatory tightening. The recent decline is partly due to concerns from capital and this side, temporarily leaving the market to observe future changes.
② After Web3 fully embraced U.S. stock assets, under the weak market for Bitcoin, most capital naturally shifted to U.S. stock assets. Previously, most of these assets couldn’t be invested in U.S. stocks and chose Web3; now that U.S. stocks are seamlessly connected, they will naturally return.
③ Local conflicts intensify, and the future inflation uncertainty has led to a significant discount on the Fed’s rate cut expectations this year. After the explosive growth of shrimp farming at the beginning of this year, the market has fully entered an AI bull run, with the largest-ever continuous surge for three months. How long can it continue? Global investors are asking.
BTC
Support at 63,200/60,000
Resistance temporarily set at 69,000
Last night, successfully stopped out of Bitcoin, bulls have been very difficult recently, bears are blindly grabbing profits. Checking this wave, those with unrealized losses within 10% are considered qualified; over 10% are unqualified. At this moment, bulls with minimal losses are making profits!
Currently, Bitcoin is consolidating below 67,135, showing some signs of a very short-term small bottom. If SpaceX launches before, and Bitcoin still wants to perform, it will be in the second half of this week!
XAU
Today’s intraday decline should present short-term buying opportunities. Watch whether 4,400 breaks or not; if it doesn’t break, hold on and wait!
Trading advice does not constitute any investment recommendation: It’s that time again when assets shrink significantly right after opening each day. The only thing to do now is control your position size, ensure you survive, and patiently wait for the market to turn!
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