BlockBeats News, June 9th, according to The Block, Kronos Research analyst Dominick John stated: "Bitcoin is able to reclaim $105,000 to show strength, but the market structure remains fragile, with the Fear and Greed Index currently at 55, indicating a wait-and-see sentiment dominating the market, as it awaits macro catalysts or trend confirmation."
HashKey Eco Labs CEO Kay Lu also pointed out that Bitcoin is currently in a "sensitive" range near a key support level, where any bearish news could trigger investor panic selling.
Presto Research analyst Min Jung stated that the price support above $105,000 mainly comes from institutional buying pressure driven by corporate Bitcoin reserves, with the corporate BTC allocation narrative providing support as more and more companies start to emulate Strategy's approach. With CPI and PPI data set to be released this Wednesday and Thursday, volatility around this period could intensify, and if inflation exceeds expectations, it could suppress risk assets. Unless there is a breakthrough or deadlock in U.S.-China trade negotiations, the market is unlikely to see significant fluctuations before then.
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