#夏日创作营 In the short term, if US stocks keep adjusting lower, BTC will most likely also come under pressure. However, if it’s only a normal pullback in technology stocks—not a broad tightening of market liquidity—then BTC would be falling in tandem with the broader market, not because its own fundamentals have deteriorated.

From the price action, every time BTC rebounds to around $65k, there is sell pressure. This indicates that many people are choosing to offload there; so what the market lacks right now isn’t positive news, but new incremental capital. Only if fresh money keeps stepping in to absorb the sell orders will BTC have a real chance to break through this level.