BitUnix analyst: US Treasury auction imminent, market concerns about 'term premium' may heat up again, short-term pressure on cryptocurrency market, BTC key support pays attention to $104000

According to BlockBeats, on June 9th, the US Treasury Department will conduct multiple bond auctions this week. Recently, there has been weak demand for long-term US Treasury bonds in the market, mainly due to the expansion of budget deficits, rising interest expenses, and political uncertainty surrounding Trump 2.0. This may further push up the 'term premium', leading to a surge in long-term yields. If the auction results are weak (low bid multiples and high tail spreads), it may trigger a synchronous decline in global stocks and bonds, and the volatility of the cryptocurrency market will also intensify. BitUnix analysts suggest: If the yield of long-term US Treasury bonds reaches a new high due to poor auctions, market risk appetite will significantly deteriorate, which will be detrimental to risky assets, especially the cryptocurrency market. The main pressure on BTC is $106500, with key support ranging from $104000 to $103500. If it falls below $103500, the liquidation intensity will reach $1.33 billion. This week's US bond auctions and inflation data will become the tipping point for market volatility. It is recommended to strictly control risk positions, observe traditional market trends and the flow of US dollar funds.