Bitunix Analyst: Escalation of Russia-Ukraine Conflict and Trump's Sanctions Posture Boost Market Risk-Off Sentiment

September 8th: In the largest-scale airstrike since the Russian invasion began, a significant government building in the center of Kyiv caught fire, resulting in casualties and infrastructure damage in multiple regions. President Trump of the United States has made it explicit that he is ready to initiate the "second-stage sanctions" against Russia. Secretary Yellen of the U.S. Treasury has also disclosed that the U.S. and Europe may impose additional tariffs on countries purchasing Russian oil in order to further constrict Moscow's financial resources. In the macro market, as risk aversion intensifies, there is a resurgence of demand for U.S. bonds, and the U.S. dollar index remains within a certain range. Geopolitical conflicts and sanction risks may exert upward pressure on energy prices, further influencing inflation expectations. The market is focusing on the upcoming inflation data and the future policy direction of the Federal Reserve, with the potential for increased volatility in risk assets in the short term. In the crypto market, the BTC liquidation heat map indicates that liquidity is concentrated around 109,000 on the downside, with resistance in the range of 113,500–114,000. ETH continues to fluctuate above the support zone of 4,250–4,300, with resistance at 4,500. Bitunix Analyst Recommendation: The escalation of geopolitical conflicts and sanctions has heightened market demand for safe havens, which may strengthen the U.S. dollar in the short term and exert pressure on risk assets. Investors should pay attention to the trend of energy prices and changes in U.S. inflation expectations. At the same time, they should also monitor the support at 109,000 and the resistance at 114,000 for BTC, as well as the support at 4,250 and the resistance at 4,500 for ETH.