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This week, BTC and ETH rose first, then fell, trading in a range and washing out positions. Earlier, ETF fund inflows pushed BTC up to 66,900 and ETH tested the 1,950 resistance level; in the second half of the week, geopolitics lifted oil prices and U.S. Treasury yields rose, rate-hike expectations warmed up, and fund outflows caused the market to pull back.
Overall, it’s still a narrow range. BTC has been swinging up and down by about 4,000 points, and ETH by about 110 points; after printing three consecutive bullish candles, it hit resistance and pulled back. Watch this week’s close—whether the short-term trend reverses!
The medium- to long-term uptrend hasn’t been broken. We’ll wait for the Fed meeting to be finalized at the end of the month and then look for the next round of market action. $BTC #直通IPO第二期JerseyMikes #夏日创作营 #Gate事件合约首发狂欢