The situation with Bitcoin lately!
Most people in the market now believe that there is a significant possibility of an interest rate cut in September, and originally, everyone thought the probability of a rate cut in July was average, but now that expectation has gradually increased. Therefore, the non-farm payroll data to be released this week is crucial; it is likely to become an important basis for deciding whether to cut interest rates or not.
Another thing to keep an eye on is that the tariff grace period expires on July 9. Whether Trump will make any new moves at that time is uncertain, and this will also impact the Bitcoin market, so we need to pay close attention.
From the perspective of institutional movements, institutions have been continuously buying Bitcoin. Just last week, the net inflow of Bitcoin reached a new high. Such strong buying power could very likely drive Bitcoin into a new round of upward momentum, and it might even break the historical highest price, reaching new highs.
Currently, the weekly closing price of Bitcoin has reached $108,500, which is a critical price point and could very well be the starting point for the next wave of upward momentum. We need to continuously monitor the Bitcoin trend and prepare for the upcoming rise. Personally, I believe there is a good chance for Bitcoin to rise in the future, so don’t miss out on this potential opportunity.
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