⚡️Trump turns his back on a whim! The housing bill that was signed in good faith was suddenly canceled!

On June 24, Trump directly stopped the scheduled signing ceremony of the '21st Century Housing Act' at the last minute. This bill originally included a key clause — prohibiting the Federal Reserve from issuing CBDC (central bank digital currency) before 2030.

The crypto community was all waiting for this good news to land, but what they got was Trump saying: 'This bill is not important, let's pass the "Save America Act" first.'

You should know that Trump had always publicly opposed CBDC, saying it would threaten financial stability and personal privacy. This sudden turnaround is not a change in position, but rather bundling the CBDC ban with the voter ID bill as a bargaining chip. The crypto industry's 'Digital Asset Market Clarity Act' has also been dragged into it.

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📉Look at the market again: $BTC ‌ Repeatedly bouncing around the 60k mark

Bitcoin once fell to $59,060 yesterday, the lowest since October 2024.

Then it rebounded to around $61,700. The $59,000 level has held up multiple rebounds in June, replacing 60k as the new key support.

Looking at the market, the price is still below the 20-day, 50-day, 100-day, and 200-day EMAs, and the bearish structure remains unchanged.

Tonight the PCE data is coming — core PCE expected year-over-year at 3.3%-3.4%, the highest since October 2023.

Data beats expectations → rate hike expectations strengthen → dollar strengthens → crypto under pressure;

Below expectations → eases rate hike concerns → gives a boost to the rebound.

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💎ETH and gold are also falling

$ETH ‌ After falling below 1600, it rebounded to around 1652. Technically, ETH's price is below the 7-day, 20-day, 50-day, and 200-day SMAs, a complete bearish arrangement. Gold $XAU ‌ also lost the $4,000 mark.

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⏰Now the key point: only about 5 weeks left before the Senate summer recess. If the 'Clarity Act' cannot pass this year, the legislative process will have to start over. Whether the 59,000 level can hold, the PCE data will provide the answer.

What do you think? Is this a double bottom for Bitcoin or is it really going to break down? Discuss your judgment in the comments 🧐
#BTC下探60000美元关键关口