Bitunix Analyst: Tariff Storm Strikes Again Triggering Safe Haven Rally, Bitcoin Maintains Range-bound Trading

On June 2nd, US President Trump announced that the steel and aluminum import tariffs would be doubled to 50%, which triggered market expectations of a broader expansion of tariffs on commodities such as copper. Goldman Sachs warned that this could potentially have an impact on the metal market price structure. Meanwhile, the Ukraine-Russia conflict has not shown any signs of easing, and the increased pressure for sanctions on Russia has boosted gold buying. Against this backdrop, Bitcoin maintained a high-level oscillation. The market funds showed a strong wait-and-see attitude and had not clearly shifted to either risk assets or safe-haven assets. Bitunix analysts suggest that the market is currently in a dual period of "policy and geopolitics" uncertainty. Investors are advised to focus in the short term on whether BTC can rise above and hold steady at $105,000. If the news sentiment remains bearish, precautions should be taken to prevent prices from falling below $102,700, triggering further pullback. It is recommended to pay attention to fund flows and the trend of safe-haven assets to assist in assessing the cryptocurrency market sentiment. For short-term trading, strict risk management should be followed, and one should patiently wait for the market direction to become clear.