$BTC #bitcoin is trading near $65,700 today, showing a hesitant recovery after bouncing about 9% from last week’s sub-$60,000 low, but it continues to stall under immediate resistance around $67,000. The price action is caught between two major macro forces: the Bank of Japan’s 25bps rate hike to 1%, its highest level since 1995, which is pressuring BTC by unwinding yen-funded carry trades and raising liquidity risks; and an interim US-Iran peace deal announced Sunday to end hostilities and reopen the Strait of Hormuz, which eased oil prices and improved risk sentiment. This tug-of-war, plus over $4 billion in outflows from spot BTC ETFs since May 15, has capped momentum, leaving traders watching $60,000 as key downside support and $65,700-$67,200 as the resistance zone that must break for BTC to target higher levels.#SpaceXStockOptionsBeginTrading #USStockRallyPausesBeforeWarshFed

BTC

64,087.22

-2.34%