Assembly Biosciences 15min Chart Triggers KDJ Death Cross, Bearish Marubozu Pattern

As per the 15-minute chart of Assembly Biosciences, a KDJ Death Cross and Bearish Marubozu pattern has emerged on June 23rd at 13:00. This indicates a shift in momentum towards a downward trend, with potential for further depreciation. Sellers are currently in control of the market, and the bearish momentum is likely to persist.

The Wall Street Journal reports that the United States is preparing measures targeting chip manufacturing plants operated by allied countries within China. This development may tighten global semiconductor supply, potentially increasing production costs for blockchain hardware and affecting mining profitability for cryptocurrencies such as BTC and ETH. Traders should closely monitor hardware supply chain disruptions as these could lead to volatility across crypto markets, especially for tokens reliant on mining and AI-driven blockchain infrastructure [1].

The recent report indicates that the United States is reportedly preparing actions targeting chip manufacturing plants of its allies located in China, announced on June 20, 2025. This development has sent ripples across global markets, particularly in the technology and semiconductor sectors, which are deeply intertwined with both stock and cryptocurrency markets. The semiconductor industry is a critical component of the tech ecosystem, influencing everything from consumer electronics to blockchain mining hardware. With major chip manufacturers like TSMC and Samsung having significant operations in China, any restrictive actions could disrupt supply chains, impacting the production of ASIC miners used for Bitcoin and other proof-of-work cryptocurrencies [1].

The trading implications of this news are significant for cryptocurrency markets, especially for tokens tied to blockchain infrastructure and mining operations. Bitcoin’s trading pair against the US Dollar (BTC/USD) saw increased volatility, with a 24-hour trading volume spike of 15 percent to 28 billion USD as of 12:00 PM EST on June 20, 2025, per CoinGecko data. Similarly, Ethereum’s trading volume on the ETH/USD pair rose by 10 percent to 12 billion USD during the same period, indicating heightened market activity. Mining-related tokens like Ravencoin (RVN) dropped by 2.3 percent to 0.025 USD at 1:00 PM EST, reflecting concerns over potential hardware shortages [1].

From a cross-market perspective, the decline in semiconductor stocks such as Nvidia, which fell 1.8 percent to 130 USD on the NYSE at 11:30 AM EST on June 20, 2025, could signal reduced institutional confidence in tech-driven growth, potentially pushing capital away from riskier assets like cryptocurrencies. However, this also presents trading opportunities for savvy investors. A short-term bearish outlook on BTC/USD and ETH/USD pairs could be viable, with potential entry points around key support levels. Additionally, traders might consider hedging positions with stablecoins like USDT to mitigate volatility risks [1].

In summary, the reported U.S. actions targeting allied chip plants in China have far-reaching implications for both stock and cryptocurrency markets. The evident correlation between tech stock declines and crypto price dips, coupled with institutional hesitance, points to a cautious trading environment. However, this also opens opportunities for strategic positioning in oversold assets or stablecoin hedges. Keeping a close eye on geopolitical developments, alongside technical and on-chain data, will be essential for navigating this complex landscape effectively.

References:
[1] US Reportedly Plans Action Against Allies’ Chip Plants in China: Crypto Market Impact Analysis | Flash News Detail | Blockchain.News. Retrieved from https://blockchain.news/flashnews/us-reportedly-plans-action-against-allies-chip-plants-in-china-crypto-market-impact-analysis