Trump suddenly loves inflation? Gold crashed, and Bitcoin surprisingly didn't follow!🤯

Brothers, today’s show is too exciting!📺

Just as countless people are shouting about war and buying gold, gold directly broke below $4,100, hitting a 7-month low.

On the other side, the US military bombed Iran, Trump warning “no deal, then bomb the hell out of it,” while exchanging harsh words with Iran, which then directly ordered to block the Strait of Hormuz, explicitly stating that any ships attempting to break through will be attacked. Usually, in such times, safe-haven assets should soar, but gold prices are instead plunging to the floor.

Guess what?

US CPI inflation data for May hit 4.2%, a three-year high! The repeated escalation of US-Iran conflicts pushed oil prices higher, which in turn fueled inflation even more. Although the Federal Reserve hinted at a wait-and-see approach, market expectations for rate hikes by the end of the year have rapidly climbed! Gold cannot generate passive income, and rising real interest rates are directly suppressing it.

Looking at Bitcoin$BTC ‌ , it’s oscillating repeatedly around 61,000 to 63,000, with very restrained declines and even some rebounds! Many candlestick charts show that the current market fear index has reached extreme panic levels, and after a short-term dip, some bottom-fishing funds are testing the waters.

Bitcoin’s current price is around 62.8K, still a considerable distance from its all-time high, but a short-term minor rebound and correction structure has indeed formed. However, on 4-hour and daily charts, it remains in a low-volatility oscillation zone after the decline, with resistance around 65K above, and the larger trend has not fully reversed.

Ethereum$ETH ‌ appears weaker, finding initial support around 1600, but signs of institutional support are not very clear yet. Today, the spot Bitcoin ETF in the US market saw a net outflow of 1320 BTC, and the Ethereum ETF also saw an outflow of 2370 ETH. Even institutional funds are retreating, and short-term demand has indeed cooled.

But a turning point is also brewing. Trump suddenly shifted from “firing at Powell repeatedly” to a complete turnaround—new Federal Reserve Chair Waller will hold his first rate decision meeting next Saturday, June 17, and the White House has rarely stated it will not interfere with his decisions. A few days ago, Trump even personally said, “I love inflation, once the war is over, inflation will drop like a stone.” For the crypto world, the uncertainty of high interest rates and macro tension will still suppress in the short term, but once policy directions become clearer, market pressure will quickly ease.

Let’s look at some more interesting assets:

❗ $BTC —— The average market cost is about $48,300, with a gap from the overall market holdings cost. In the short term, it’s more likely to fluctuate under macro pressure rather than break straight down.

❗ $ETH —— The on-chain structural cost baseline is about $700, and the current price around 1650 has a large room, but the overall trend still depends on Bitcoin’s direction.

❗ $BEAT ‌ —— The hottest hotspot recently, no doubt. Circulating supply accounts for only about 29% of total issuance, and two days ago, another $25 million worth of tokens were unlocked, but the market is not fearful—instead, the price rose from $3.8 to $5.3 before unlocking. A 312% increase in 7 days, with daily trading volume nearing a hundred million dollars—if whales really wanted to sell, they would have done so long ago. But RSI is seriously overbought at 80+ or even 90+, after seven consecutive bullish days, a shakeout could happen at any time, so watch the market closely.

❗ $MU —— The short-term chart looks near the upper band of the Bollinger Bands, RSI ranges from 58 to 77, signals on different timeframes are inconsistent, and overall market sentiment is still quite strained, with neither bulls nor bears having a clear advantage.

❗ $ETH/BTC exchange rate —— Ethereum ETF continues to outflow, indicating that institutions are currently conservative about ETH allocation. Coupled with declining retail activity on-chain, ETH’s independent trend still depends on further developments.

The macro pressure this round is visibly intense. Expectations for Fed rate hikes are rising, funds are flowing out of risk assets, and for cryptocurrencies to break free from the short-term dilemma, two key points matter: first, whether the US-Iran situation will truly ease; second, whether Waller will give a more “dovish” clear signal after his meeting next week.

The most painful part of trading is always not knowing the direction, not how bad the market is itself. At this stage, it’s better to watch more and act less, stay away from high leverage, and patiently wait for the risk to be fully released—much more effective than blindly rushing in and repeatedly stopping losses.

What token are you most concerned about in this round? Feel free to share in the comments!🧡

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