Key points:
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Our dear Donald Trump has turned his attention from Elon Musk’s shiny rockets to the Fed, demanding interest-rate cuts like a toddler craving candy.
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Bitcoin keeps bouncing back from the Trump-Musk drama, even though the US jobs report is basically saying, “No worries, mate.” 🤷♀️
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Liquidity fears are bubbling up, warning of a possible BTC price “cascade.” Who knew the crypto world could be so melodramatic? 😱
Bitcoin (BTC) decided to hit the impressive $104,000 mark at the Wall Street open on June 6, all while robust US employment stats clashed with fresh calls for interest-rate cuts. The market’s just loving the drama, aren’t they?
Bitcoin edges higher as Trump moves to Fed
CryptoMoon Markets Pro and TradingView tell us BTC/USD is up 2.5% today. Because nothing says “stonks” like a President tweeting about “full point, Rocket Fuel!” 🚀🔥
After recovering from the chaos of Trump vs. Musk (because what’s life without a bit of chaos?), investors are now digesting inflation news while Trump goes all “Fed is too late! Disaster!” on Truth Social. Because why not?
He’s been quite vocal about wanting interest rate cuts in 2025—like a kid pleading for ice cream—hoping it’ll boost risk assets and crypto. How charming.
“Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great,” he claims, because consistency is overrated. And then he added, “Go for a full point, Rocket Fuel!” — because obviously, this is how grown-ups negotiate policy. 🚀💥
Meanwhile, the Fed is — surprise! — not bending to Trump’s wishes before September, and the US jobs report suggests the labor market is basically unbreakable, so no need for interest cuts just yet.
The official BLS report cheerfully announced: “Total nonfarm payroll employment increased by 139,000 in May, unemployment held steady at 4.2%.” Because workers are apparently still employed and not demanding early retirement. Lucky them.
Analysis warns of Bitcoin “liquidity trap”
Our favorite trader TheKingfisher returned, peering into order books for clues. Basically, he said, “Beware the liquidity trap!” which sounds both doom-laden and fashionable.
CryptoMoon’s short-term prediction warns BTC/USD could tumble below $100k, and here’s the twist: a massive cluster of long liquidations between around $99k and $102k. Basically, the market’s got a giant magnet pulling traders into a liquidity trap—fun for all! 🤡
“That’s a huge magnetic zone below current price. In contrast, short liquidations above ~104.5k are minimal.”
In summary, the market’s current dance looks like a liquidity imbalance, which the pros warn could lead to a dramatic downward cascade. Normies see support — savvy traders see a liquidation trap. Classic. 🤷♂️
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2025-06-06 17:58