Trump suddenly loves inflation? Gold collapsed, but Bitcoin surprisingly didn't follow!🤯

Brothers, today's show is so 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 agreement, then blow it up completely," while exchanging fierce 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 take off, 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 escalation of US-Iran conflicts pushed oil prices to high levels, 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 risen! Gold cannot generate interest automatically, and rising real interest rates are directly suppressing it.

Looking at Bitcoin$BTC ‌ , it instead oscillates repeatedly around 61,000 to 63,000, with very restrained declines, even showing some recovery! Many candlestick charts indicate that the current market panic index has reached extreme panic levels, and after a short-term dip, some bottom-fishing funds are starting to test.

Bitcoin's current price is around 62.8K, although still some distance from its all-time high, a short-term small rebound and structural repair have indeed formed. However, on 4-hour and daily charts, it remains in a low-volatility zone after the decline, with resistance around 65K above, and the larger structure 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, indicating 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—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. Trump even personally said two days ago, "I love inflation, once the war is over, inflation will fall like a rock." 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 also be quickly released.

Let's look at some more interesting assets:

❗ $BTC —— The average market cost is about $48,300, which differs from the overall market position cost. In the short term, it is more likely to fluctuate under macro pressure rather than break straight down.

❗ $ETH —— On-chain structural cost baseline is about $700, with current prices around 1650, leaving a large space, 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 shows no fear—instead, the price rose from $3.8 before unlocking to $5.3. A 312% increase in 7 days, with daily trading volume nearing a hundred million dollars—if whales really wanted to sell, they would have dumped long ago. But RSI is seriously overbought at 80+ 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 channel, RSI ranges from 58 to 77, signals vary across different periods, and overall market sentiment is quite heavy, with neither bulls nor bears having a clear advantage.

❗ $ETH/BTC exchange rate —— Ethereum ETF continues to outflow, indicating institutional short-term cautiousness towards ETH, combined with declining retail activity on-chain, so ETH's independent trend still depends on further developments.

This round of macro pressure is visibly intense. The Fed's rate hike expectations 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 than market expectations after next week's meeting.

The most painful part of trading is always not knowing the direction, rather than how bad the market itself is. At this stage, it's better to watch more and act less, stay away from high leverage, 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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