$BTC

**Bitcoin (BTC) Market Update – June 2024**

Bitcoin is currently trading around **$66,000**, consolidating after recent volatility. Key factors influencing BTC:

- **ETF Inflows/Outflows:** Spot Bitcoin ETFs show mixed demand, with some days of net outflows.

- **Fed Rate Cuts Delayed:** Stronger-than-expected U.S. jobs data has reduced expectations of near-term rate cuts, keeping pressure on risk assets.

- **Whale Activity:** Large holders are accumulating, signaling long-term confidence.

- **Regulatory Moves:** The SEC’s stance on Ethereum ETFs and crypto regulations remains a market driver.

**Support Levels:** $64,000 (critical), $60,000 (strong psychological level).

**Resistance:** $68,000, then $72,000 (all-time high retest).

With macroeconomic uncertainty, BTC remains range-bound but poised for a breakout. **#Bitcoin #Crypto #BTC**