June 8-12 Jing Yi Market Analysis

1. Macroeconomic and Market Environment
The most critical event this week is the release of the US May CPI (Consumer Price Index) on June 10 (Wednesday) and the PPI (Producer Price Index) on June 11, which will be used by the market to judge the future interest rate path of the Federal Reserve.

Macroeconomic headwinds intensify: Strong non-farm payroll data in May increased the market's expectation of a rate hike by the Fed before the end of the year to nearly 85%, pushing the 10-year US Treasury yield up to 4.5%, putting dual pressure on Bitcoin and other interest-free assets. If this week's CPI again shows "hot" inflation, the expectation of rate cuts this year may be completely eliminated, further driving up US bond yields, tightening global liquidity, and Bitcoin may directly test the $60k level.

Before the CPI release, the market remains under the "hawkish rate hike" expectation, and a fundamental improvement in sentiment is unlikely. Main capital may adopt a wait-and-see and risk-averse approach.

2. Bitcoin Market Analysis
Strongest support: 590-600 area. This is the lifeline for the current bulls; if this area is lost, the price will face further decline toward 550 or even lower.

Rebound resistance: If a technical oversold rebound occurs, the first significant resistance above is at 636 (recent high pressure), with a stronger medium-term resistance around 650-655.

3. ETH Market Analysis

Compared to Bitcoin, Ethereum's situation is more difficult and appears more fragile under macro pressure. This week, ETH has been oscillating around 1,600 at low levels. From a technical perspective, the price has completely lost key supports at 1,800 and earlier levels, entering a new downward channel. This may only be a "dead cat bounce"—a brief technical correction, likely followed by further collapse.

Support zone: 1500-1560. This is one of the few direct support areas currently; if broken, the market will accelerate downward toward 1400 or even 1070.

Rebound resistance: The 1800-1850 area above has shifted from support to strong resistance, and short-term rebounds may face strong suppression at this level.

4. Whales' Selling Pressure
Whale addresses, silent for three years, sold 10k ETH (about $17.72 million) in early June, potentially triggering panic selling in the market. Ethereum lacks independent positive catalysts and may fall into a deadlock of "rebound followed by selling" in the short term.

5. Macro and Market Risks
CPI Surging Risk: If the US CPI data on June 10 exceeds expectations, it will confirm rate hike expectations and may trigger panic selling in the crypto market.
Stampede Risk: If BTC falls below the key support of $59,000, large-scale leverage liquidations could trigger a chain reaction of declines.
Negative Spiral: Continuous outflows of ETF funds combined with the shadow of rate hikes may create a vicious cycle of "selling more as prices fall." #分享美股交易赢英伟达股票