A look at the new week’s macro narrative—what impact could it have on Bitcoin?
At the moment, the overall market is in a range-bound consolidation phase. The continued escalation of the macro conflict between the US and Iran is pushing up oil prices and strengthening the probability of a July rate hike. Meanwhile, the US stock market’s decline is weighing on risk assets. However, this week the World Cup will come to an end, and funds may see a certain amount of flow back into US stocks, which would likely support a rebound. At the same time, the end of the World Cup also means fewer job opportunities, and the data could affect the Fed’s rate-expectation considerations. Everyone—don’t chase too much at these high levels.
BTC
On the daily chart, the pattern is in a shrinking-volume consolidation. After the deep pullback last week, the rebound failed to break above the top of the sideways range. This week, if it cannot break above again, the probability of a second decline is high. For day-to-day and short-term focus, watch support in the 6380–6350 area. If you pull back and break below this range, you can temporarily give up on that scenario. The daily timeframe is starting to correct; below, key zones are around 6260–6150, etc. If the pullback does not break below this range, it may rebound again—then keep an eye on the top of the sideways range around 6550. For a more conservative approach, wait around 6700.
ETH
Ethereum is currently in a clear downtrend. In the short term, focus on 1840. If it strongly breaks below this level, the four-hour timeframe could start a correction—then you can wait for a rebound in the 1800–1810 range. Only if it breaks below this range on the daily timeframe will it start to turn weaker. If the pullback does not break 1840, smaller timeframes may still rebound—then wait around 1890–1942 in batches.
$BTC #2026足球风潮 $ETH
At the moment, the overall market is in a range-bound consolidation phase. The continued escalation of the macro conflict between the US and Iran is pushing up oil prices and strengthening the probability of a July rate hike. Meanwhile, the US stock market’s decline is weighing on risk assets. However, this week the World Cup will come to an end, and funds may see a certain amount of flow back into US stocks, which would likely support a rebound. At the same time, the end of the World Cup also means fewer job opportunities, and the data could affect the Fed’s rate-expectation considerations. Everyone—don’t chase too much at these high levels.
BTC
On the daily chart, the pattern is in a shrinking-volume consolidation. After the deep pullback last week, the rebound failed to break above the top of the sideways range. This week, if it cannot break above again, the probability of a second decline is high. For day-to-day and short-term focus, watch support in the 6380–6350 area. If you pull back and break below this range, you can temporarily give up on that scenario. The daily timeframe is starting to correct; below, key zones are around 6260–6150, etc. If the pullback does not break below this range, it may rebound again—then keep an eye on the top of the sideways range around 6550. For a more conservative approach, wait around 6700.
ETH
Ethereum is currently in a clear downtrend. In the short term, focus on 1840. If it strongly breaks below this level, the four-hour timeframe could start a correction—then you can wait for a rebound in the 1800–1810 range. Only if it breaks below this range on the daily timeframe will it start to turn weaker. If the pullback does not break 1840, smaller timeframes may still rebound—then wait around 1890–1942 in batches.
$BTC #2026足球风潮 $ETH