Bitcoin's price movement has been subdued, largely due to a US public holiday and a lack of significant developments from the Federal Reserve. Analysts note that BTC is struggling to maintain support at $105,000, with its price fluctuating within a narrow range. The ongoing US trade war is becoming a focal point for risk assets, with key deadlines approaching that could influence market volatility. The Federal Reserve's recent decision to keep interest rates unchanged has led to a cautious market outlook, as officials prefer a 'wait and see' strategy regarding inflation. Upcoming trade war milestones, such as the EU's retaliatory tariffs on July 14 and the expiration of a tariff pause on China on August 12, may introduce volatility into the market. Traders are anticipating a potential breakout, with some predicting a test of $106,000 in the near future. However, the overall sentiment remains cautious as participants await a catalyst for significant price movement. Read more AI-generated news on: https://app.chaingpt.org/news

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