The tense geopolitical situation has triggered market fluctuations, with Bitcoin support levels and Ethereum downward pressure being closely followed.

The global financial markets experienced significant fluctuations when they opened on Monday due to the escalating geopolitical tensions in the Middle East. Spot gold prices briefly surged to $3,398 per ounce, Nasdaq futures fell by 0.9%, and WTI crude oil prices opened up by 3.7%. Although the market's initial reaction was relatively restrained, analysts predict that if the situation remains tense, oil prices could soar to $130 per barrel. Against this backdrop, the movement of the US dollar has become the focus of the market. Some strategists believe that a rising dollar could become a major trading trend this summer.

Recently, the global financial market has experienced violent fluctuations due to the escalation of geopolitical conflicts and the Federal Reserve's decision to maintain interest rates. Affected by the situation in the Middle East, gold prices soared 3.17% from June 11 to June 13, but faced a sell-off after the Federal Reserve's interest rate decision on June 18, declining approximately 0.6% by June 21. In contrast, Bitcoin has shown strong resilience, maintaining a price of 100,000 USD, and has only fluctuated between 100,000 and 110,000 USD over the past 42 days. Some analysts believe that Bitcoin is gradually shifting from a speculative asset to a long-term investment, with its decentralized and limited supply characteristics becoming increasingly attractive amid global uncertainties.

In an environment of increasing macro uncertainty, Bitcoin has rebounded above $100,000 after dropping below $99,000. Analysts have provided various predictions for Bitcoin's future trajectory, including maintaining the current range and hitting new highs, dropping below the current range to $95,000 and entering a bear market, or rising back to the $114,000 to $116,000 range after testing $95,000. Specific resistance levels are considered to be at $104,000, $106,000, and $110,000, while support levels are at $98,000 and $95,000. Some analysts point out that if Bitcoin drops below $100,000, it may test $95,000 again along with the bull market support zone. Additionally, there are warnings that if the daily closing price falls below $99,000, it could trigger further declines toward the $92,000 to $94,000 range.

In terms of Ethereum, its performance has continued to be weak, with the price constrained by a downward trend line, having fallen below the previously important support level of $2378. Analysis suggests to follow its performance at the resistance level of $2378; if it cannot break through, it may further dip to the demand levels of $2114 and even $2036.

While mainstream cryptocurrencies are consolidating, the altcoin market is also relatively flat. A token called $BlackCoin has appeared on the Solana chain, with a market cap of approximately $1.4 million. Another token related to geopolitical hotspots, $Oil, positions itself as "digital oil" with a current market cap of about $2.9 million. On the Ethereum chain, a token named $ERC-69 has emerged, with its market cap once soaring to $11 million.

As of June 23, 12:00 HKT, the price of Bitcoin is $101,351, with a year-to-date increase of 8.43%, and a daily spot trading volume of $47.847 billion. The price of Ethereum is $2,239.19, with a year-to-date decrease of 32.84%, and a daily spot trading volume of $24.261 billion. The market fear and greed index is at 37, indicating a state of panic. The market shares of Bitcoin and Ethereum are 64.9% and 8.7%, respectively. In the past 24 hours, a total of 184,598 people were liquidated globally, with a total liquidation amount of $642 million, including $232 million for Bitcoin and $188 million for Ethereum.

In terms of ETF flows, as of June 20, Bitcoin ETFs saw a net inflow for 9 consecutive days, with an inflow of $6.3658 million on that day, while Ethereum ETFs experienced a net outflow of $11.3444 million.

Future market focus includes: a certain trading platform will support the Zilliqa network upgrade and hard fork on June 23; the SOON token will unlock approximately 41.88 million coins on June 23, worth about 8.4 million USD; Federal Reserve Governor Bowman will speak on monetary policy and the banking industry; Federal Reserve Chairman Powell will present his semi-annual monetary policy report testimony before the House Financial Services Committee.

Among the top 500 tokens by market capitalization on that day, the ones with the largest increase included FUN Token (, which rose by 67.51%, Banana For Scale ), which rose by 21.43%, and Bubblemaps (, which rose by 13.79%, etc.

Other hot news includes: Trump is looking for political opponents; multiple tokens will see large unlocks; Texas becomes the third state to establish Bitcoin reserves; Arthur Hayes believes the current market weakness is temporary, and Bitcoin's status as a safe haven will be unquestionable; Wyoming's stablecoin WYST is scheduled to launch on August 20; Bloomberg analysts have raised the probability of approval for the vast majority of spot crypto ETFs to 90% or higher.