I just saw that the European Central Bank did announce a 25 basis point interest rate hike on June 11th, and the three key interest rates were raised simultaneously. The impact on the market: a signal of the global interest rate hike trend. The significance of this interest rate hike goes beyond Europe itself. The European Central Bank is the first major central bank in the world to respond to energy shocks. The Chief European Economist of Deutsche Bank pointed out that "this is not only the first interest rate hike by the European Central Bank since 2023, but also the first central bank in the world to raise interest rates in response to energy shocks". If the Middle East conflict continues to push up oil prices, inflationary pressures will spread globally, and other central banks may follow suit. For the cryptocurrency market, global liquidity tightening is a medium-term bearish trend - the Bank of Japan will raise interest rates on June 15-16 (with a probability of over 90%), the European Central Bank has already raised rates, and the probability of the Federal Reserve raising rates before the end of the year is about 50-60%. The synchronous tightening of the three major central banks is not accidental, but a trend. The expected rebound driven by the US Iran agreement is being hedged by the negative impact of the global interest rate hike wave. After the European Central Bank's interest rate hike is implemented, the market focus will accelerate towards the Bank of Japan's June 15-16 and possible more rate hikes in September. The breathing window of rebound is closing. Don't chase too much, keep waiting. Bitcoin price of 60000 is not the bottom!