July 6, 2026

Let's talk about the market today. Compared to the extreme low-pressure conditions of the past two weeks, Bitcoin has now moved above the $60,000 level, and Ethereum has rebounded from a new low of $1,512 to a high of $1,800, a rebound of 20%. Well, this market movement is within expectations, although I'm a bit reluctant to accept that Ethereum broke through the $1,800 support level.
The price of $1,512 is somewhat interesting because when converted to RMB, it's exactly the 10,000 yuan mark. Every important round number can form support, just like when Bitcoin surged, outsiders often focused on how high it would go in RMB, such as saying a Bitcoin would break 1 million, meaning RMB.
I'm not saying this price necessarily forms the bottom of this bear market, but from the trend, after hitting the 1,500 level, it could rebound 20 points in a short time, meaning that as long as capital exerts a little force, the price can easily be pushed up. Of course, at this stage, wild price fluctuations are going to start becoming more frequent, because before the big players pump the price, they need intense washouts. Cherish your chips.
How powerful is capital? Perhaps the World Cup matches can give you a sense. There was a piece of news that had never appeared before: the US team's starting striker, Balogun, who was given a red card and faced suspension, actually had his suspension temporarily postponed under pressure from the White House. All I can say is that Trump's influence is everywhere. Therefore, if you still believe in the power of authority or capital, you should have faith in crypto.