BTC has been continuously repairing at low levels in recent days. Near the 66,000 threshold around the early morning hours, it has held steady and is oscillating. The current price is trading in a tug-of-war range of 66,000—66,800. This rebound is mainly driven by short-covering, with buying demand from active buyers remaining weak. The sustainability of the rally is questionable, and bullish confidence has not been fully restored.

The market is waiting for the Fed’s policy meeting at the end of July, with rate-hike expectations repeatedly disrupting risk assets. U.S. Treasury yields and the U.S. Dollar Index continue to oscillate in the short term, and there is no clear one-way direction. BTC currently lacks strong macro catalysts, so the market is dominated by technical factors and remains choppy. Therefore, for today, we will still focus on short-term moves. Later, I will share my thoughts with everyone!
$BTC ‌#夏日创作营