Trump's classic "crying wolf" moment sends Bitcoin into a double whammy for both bulls and bears.

Chu Yuechen: June 12 Bitcoin/ETH Contract Trading Reference The current market is facing a triple predicament of "narrative vacuum + liquidity depletion + policy suppression." Yesterday's rebound was confirmed as a technical correction driven by short squeeze, rather than a trend reversal. On-chain data confirms continued capital outflow and retail investor capitulation, with institutional funds yet to return. Key short-term variable: It's necessary to observe whether the 62200 liquidation line can hold. If it breaks, the next target is 61000; to move upwards, a significant volume breakout above 65000 is needed to change the bearish structure. Although the RWA sector has received increased institutional investment, it's unlikely to offset the liquidity crisis of mainstream cryptocurrencies in the short term. Yesterday's rebound was largely Trump playing the "boy who cried wolf" game again, first announcing attacks on Iran, then predictably reversing overnight. The credibility of a president's words is so low that it's unique globally. Returning to the market outlook, while Trump's remarks may influence short-term fluctuations, the overall outlook for crypto assets remains heavily pressured. Yesterday's article already provided detailed reasons, so I won't repeat them here. Bitcoin's inability to break above 65,000 doesn't signal the end of this downtrend; shorting on rallies is advisable. The same logic applies to ETH; consider shorting around the 1700 resistance level. Today, pay close attention to the 62,200 support level for Bitcoin; a break below this level will likely lead to further downward movement. For trading, use 65,000 as a stop-loss level for short positions, and 1750 as a stop-loss level for ETH. For any questions, please refer to my homepage for timely price updates and trading signals.