The market was sluggish in June, but will July bring a turnaround? With Powell's speech and the release of non-agricultural data tonight, how is the flow of funds in Bitcoin ETF?

At 21:30 the day before yesterday, Federal Reserve Chairman Powell will give a speech, which is his first public statement in recent times. The US stock market will be closed on Thursday for the US Independence Day, and will only trade for half a day on Wednesday. The non-agricultural employment and unemployment rate data for June released on Friday are expected to be low, which may be good for the market. In terms of Bitcoin ETF, the net inflow of US spot Bitcoin ETF reached US$129 million on July 2, of which FBTC inflow was US$65 million, and the inflow of funds has a tendency to increase. The research report also pointed out that the net inflow of Ethereum spot ETF in the first six months may reach US$5 billion, and the rise in Ethereum prices is expected to drive the entire market. The European Cup will end on July 15, when funds will flow back to the currency circle. Combined with market trends, BTC will fall in June but will most likely close positive in July.

The market is unpredictable, but data and analysis provide us with a reference. How do you think the market will perform in July? Come to the comment area to share your views! Remember to like and follow to get more market updates.