BlockBeats News: On June 2, U.S. President Donald Trump announced that import tariffs on steel and aluminum would be doubled to 50%, triggering expectations of an expanded tariff on a wider range of commodities such as copper, which Goldman Sachs warned could impact the price structure of the metals market. At the same time, the conflict between Ukraine and Russia has not eased and the pressure of sanctions against Russia has increased, pushing up gold buying. Bitcoin has maintained a high level of volatility against this background, and the market funds have a strong wait-and-see attitude, and have not yet clearly shifted to risky assets or safe-haven assets. Bitunix analysts suggest that the market is in a period of "policy and geopolitical" uncertainty, and investors are advised to pay attention to whether BTC can stand up and hold at $105,000 in the short term. If the news continues to be bearish, it will be necessary to prevent the price from falling below 102,700 to trigger a further pullback. It is recommended to pay attention to the flow of funds and the trend of safe-haven assets to assist in judging the sentiment of the crypto market. Short-term operations should strictly control risks and wait patiently for the market direction to be clear.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitunix analyst: The tariff storm strikes again, triggering a risk-averse market, Bitcoin maintains a volatile pattern.
BlockBeats News: On June 2, U.S. President Donald Trump announced that import tariffs on steel and aluminum would be doubled to 50%, triggering expectations of an expanded tariff on a wider range of commodities such as copper, which Goldman Sachs warned could impact the price structure of the metals market. At the same time, the conflict between Ukraine and Russia has not eased and the pressure of sanctions against Russia has increased, pushing up gold buying. Bitcoin has maintained a high level of volatility against this background, and the market funds have a strong wait-and-see attitude, and have not yet clearly shifted to risky assets or safe-haven assets. Bitunix analysts suggest that the market is in a period of "policy and geopolitical" uncertainty, and investors are advised to pay attention to whether BTC can stand up and hold at $105,000 in the short term. If the news continues to be bearish, it will be necessary to prevent the price from falling below 102,700 to trigger a further pullback. It is recommended to pay attention to the flow of funds and the trend of safe-haven assets to assist in judging the sentiment of the crypto market. Short-term operations should strictly control risks and wait patiently for the market direction to be clear.