Loading...
Bitcoin continues its rebound today, trading around $63,500, up 0.65% in the past 24 hours. Since the July 1 low of $58,250, it has bounced back nearly 10%, marking six consecutive days of gains. Overnight, U.S. stocks rallied across the board, with the Dow hitting a new all-time high, breaking above 53,000 points. The Nasdaq rose 1.12%, as a recovery in tech stocks boosted risk appetite. The market is now focused on tomorrow's release of the June FOMC meeting minutes—this will be the first rate-setting meeting chaired by the new Fed Chair Walsh. Current CME data shows only a 28% probability of a rate hike in July, suggesting a stable interest rate environment. Meanwhile, the U.S. strategic Bitcoin reserve continues to grow, with the government holding approximately 234,000 BTC without selling, providing structural support to the market. On the technical side, BTC has shown strong momentum after breaking the $63,000 level. The $65,000-$66,000 range serves as key resistance, while $62,000 offers short-term support. Sentiment has clearly warmed up, and the short-term trend remains in a strong consolidation phase. Keep an eye on potential volatility risks from tomorrow's meeting minutes.