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Despite the escalation of international geopolitical conflicts, the deep involvement of the United States in the Middle East crisis caused Bitcoin to briefly fall below the $101,000 level, but the market quickly demonstrated an astonishing rebound capability. Within just a few hours, the price of Bitcoin stabilized above $102,000, with volume rapidly climbing, and the market began to show signs of reversal. From an on-chain data analysis perspective, the current market fundamentals remain solid: the market structure is stable, with no large-scale profit-taking or excessive leverage operations observed. Derivatives market data also indicate that while investor sentiment is cautious, it remains rational, and the demand for protection against downside risks is basically stable. The insights of James Lavish, a partner at the Bitcoin Opportunity Fund, are thought-provoking: "If you sell Bitcoin out of concern for the outbreak of war, it indicates that you fundamentally do not understand the nature of the assets you hold." Every market pullback is a test of investors' perceptions, and every moment when panic spreads is often a good opportunity for visionary capital to increase its allocation. In today's globally uncertain environment, Bitcoin may no longer just be a risk asset, but is gradually becoming a hedging tool against systemic risks.

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Weekend Night Bitcoin and Ethereum Market Observation Market variables never develop according to convention, and this has been a fact we have witnessed multiple times. In the face of external disturbances and the evolution of geopolitical situations, it is wise to maintain a calm observation and respond to changes with stability. Adapting to market trends and implementing defensive strategies, isn't this the great wisdom in investing? Bitcoin is currently fluctuating in the range of 102000-103000. It is recommended to remain vigilant and adopt a defensive posture. The market is likely to experience volatility during the night, and if a breakout occurs, it is advisable to cut losses appropriately and operate in accordance with the trend. The resistance levels to watch above are 103900 and 105000, while the support levels below are 101100, 100300, and 99400. Ethereum is running in the range of 2250-2300, and its trend is likely to follow the changes of Bitcoin, and it also needs to be prepared for defense. The upper resistance levels are at 2350 and 2410, while the lower support levels are near 2210 and 2180.

Bitcoin prices have been consolidating around the $100,000 threshold, causing significant psychological pressure on investors. In the current market situation, although Bitcoin itself has not experienced a substantial decline, the altcoin market has dipped to low points, leaving second-tier crypto assets like Ether lacking vitality. If Bitcoin cannot break through the current resistance level, it is likely to dip further to the $90,000 level. This stagnation in the market has left many investors feeling anxious, enduring daily torment while hoping for a clearer market direction. In the current market environment, investors need to remain rational, and perhaps developing long-term strategies is more important than pursuing short-term breakeven.

Recently, the PEPE Token has performed poorly, with a significant price drop of 18% over the past week, drawing widespread attention in the market. According to analysis, this round of price decline is mainly due to the concentrated selling behavior of large holders, with data showing that a Whale sold approximately 2.2 trillion Tokens, accounting for 0.5% of the total circulating supply. One investor closed all positions on June 18, selling 600 billion PEPE in a single day, incurring an investment loss of about 3.5 million dollars. This massive withdrawal directly caused the rapid price decline. From a technical perspective, the trend of PEPE coin is already quite pessimistic: the price has fallen below the 50-day and 200-day key moving averages, the MACD indicator has turned green, indicating that downward momentum continues to strengthen, while the RSI indicator has dropped to a level of 33, technically still having the potential for further decline. It is worth noting that this is not an isolated phenomenon for PEPE. The current dominance of Bitcoin in the market has risen to 65%, indicating that funds are shifting from high-risk assets to relatively stable assets. The market has entered a risk-averse mode, leading to widespread pressure on the entire meme coin sector. Despite the nearly 18% increase in PEPE's trading volume, this primarily reflects selling pressure rather than buying demand. Compared to the high of 73 in the market greed index in May, the index has now fallen to 40, suggesting that the "meme coin bubble" is gradually dissipating. If PEPE cannot regain the key support level in the short term, the price may face further fall risks. For bullish investors, if they want to reverse the current situation, substantial positive news is needed. In such a market environment, how should investors respond to this wave of adjustment? Should they continue to hold or choose to exit? Perhaps everyone's investment strategy is worth reconsidering.