The good news in the non-farm data has been clearly and firmly reflected in the market. June’s new jobs were significantly lower than expected, cooling the labor market; the dollar and U.S. Treasury yields are both under pressure, and market expectations for a July rate cut by the Federal Reserve have begun to heat up.
BTC has quickly rebounded from around $57,000 and has now moved back above $61,000, indicating that demand at lower levels is not weak. In the earlier period, funds were concentrated into U.S. tech stocks, and on top of that, the World Cup prediction markets pulled in a fair amount of attention—leaving the crypto market with a continued lack of incremental capital.
Now, volatility in tech stocks at high levels is increasing, and the World Cup has entered the knockout stage; the heat in the prediction markets may gradually cool down afterward. If this portion of capital flows back into the crypto market, then BTC in the $50,000s might be the bottom area of this round of pullback 📈
#美联储何时降息？
BTC has quickly rebounded from around $57,000 and has now moved back above $61,000, indicating that demand at lower levels is not weak. In the earlier period, funds were concentrated into U.S. tech stocks, and on top of that, the World Cup prediction markets pulled in a fair amount of attention—leaving the crypto market with a continued lack of incremental capital.
Now, volatility in tech stocks at high levels is increasing, and the World Cup has entered the knockout stage; the heat in the prediction markets may gradually cool down afterward. If this portion of capital flows back into the crypto market, then BTC in the $50,000s might be the bottom area of this round of pullback 📈
#美联储何时降息？