FOMC Week Approaches, $BTC $ETH Focus on June Data Window

This week, the crypto market's focus is on U.S. economic data and Federal Reserve decisions. Boosted by easing geopolitical tensions and falling oil prices, Bitcoin recently broke through 66,000. However, due to the "June holiday" market closure and the release of dense data, short-term volatility may increase.

On the macro front, retail sales, industrial production, and other data will determine the direction of interest rate expectations: stronger data may delay rate cuts, while weaker data could reinforce easing bets. The Federal Reserve is expected to keep interest rates steady at 3.50%–3.75%, with markets paying close attention to Chair Kevin Wirth's debut statement and the latest dot plot.

Currently, Bitcoin is approaching a two-week high, but resistance at 68,000 remains. Ethereum is fluctuating around 1,700. The market has partially priced in a "pause in rate hikes" expectation; if hawkish signals are released later, the rebound may face pressure. If the logic of cooling inflation is confirmed, the market still has room to extend its rally.