Nonfarm payrolls data gave a boost, but the hawkish shadow remains. How far the rebound can go still depends on whether capital dares to continue entering the market.

CoinWorld News, according to QCP Capital, reported that on July 3, Bitcoin briefly fell below $58k, then returned to above $60k, with Ethereum also returning to above $1,700. It rebounded nearly 10% from its mid-week low. Short-term implied volatility in the options market fell, and call options expiring in July became the dominant trading product. With U.S. wage growth accelerating, unemployment declining, and consumption remaining strong, the Federal Reserve still has room to maintain a hawkish stance. BTC spot ETFs recorded net inflows of $224 million, but U.S. Treasuries and U.S. stocks have not yet confirmed a full recovery in risk appetite; this is currently a phased rebound in the crypto market.