U.S. 3-Month Treasury Auction on June 9 - Winning Intrerest Rate

The political conflicts and contradictions in the Middle East have a long history, and it is difficult to find a perfect solution in the short term. Iran has shown a firm attitude of not fearing external pressure, which largely stems from the clear statements and support of its senior leadership. The complex geopolitical relationships, historical legacy issues, and the differences in various parties' interests make the path to a peaceful resolution of Middle Eastern issues full of challenges. In the current international landscape, all parties need to ease tensions through dialogue rather than threats, and promote regional stability and peace processes.

Worrying signals are emerging in the U.S. job market. The latest data shows that the number of people applying for unemployment benefits has soared to 248,000, the highest level since the COVID-19 pandemic began in 2021. Even more concerning is that this figure has risen for four consecutive weeks, indicating that a recession in the job market may have become a trend rather than a short-term Fluctuation. Analysis suggests that the effects of the previously implemented tariff policies are beginning to manifest at the economic level. The market expects that in the coming months, the unemployment rate and inflation may continue to rise. Meanwhile, the Federal Reserve faces a dilemma, finding it difficult to stimulate the economy through interest rate cuts and can only maintain high interest rates, which will undoubtedly further suppress economic vitality, creating a vicious cycle. At the same time, the cryptocurrency market is also showing noteworthy volatility. Bitcoin has risen about 60% from the $70,000 level, accumulating considerable room for a pullback. A decline from $110,000 to $100,000 may be seen as only a small correction in the current price range, and it may be a long way from a true market bottom. A technical rally in the market is likely to be followed by a recent sharp short-term decline, which provides a window for investors to reassess the direction of the market. The changes in these economic data have a significant impact on the financial markets, which is worth the high attention of all investors, as they may indicate a broader economic cycle shift.

Evening Market Overview: The cryptocurrency market showed a slight downward trend today. Bitcoin maintained a small decline throughout the day, with a fluctuation range of only about 1%; Ethereum experienced slightly larger fluctuations, around 2%. It is worth noting that while mainstream coins have limited declines, many small-cap projects are under greater downward pressure. Current market sentiment is cautious, with insufficient rebound momentum in the evening. In the short term, it may continue to consolidate or slowly decline. The main factor causing this round of adjustment is the uncertainty of geopolitical conflicts, which has led to a temporary wait-and-see attitude among bullish funds. Despite short-term pressures, the market fundamentals remain positively biased in the medium to long term. Investors can view these pullbacks as potential opportunities to build positions, staying rational and selectively acquiring quality assets based on their investment strategies. Key price levels for major cryptocurrencies: Bitcoin ( BTC ): - Upper resistance: 106,000, 107,000, 108,200 - Support levels: 104,600, 103,800, 103,000 Ethereum ( ETH ): - Resistance above: 2,580, 2,610, 2,640 - Support levels: 2,520, 2,490, 2,465 SOL: - Upper resistance: 148, 150, 153 - Support levels: 144, 142, 139 Short-term advice to pay attention to whether BTC can hold the support at 103,800. If it breaks below, it may further test the 103,000 area.