【Corporate credit spreads have narrowed again compared to the same period last year, and BTC's performance may continue to improve】

Earlier this week, influenced by the U.S. military's airstrikes on Iran, BTC briefly tested its 21-week moving average (98,532 USD). This level serves as a critical technical support and is often regarded as the dividing line between bullish and bearish trends. BTC is currently undergoing seasonal volatility and consolidation, and the Federal Reserve's dovish tone may provide mild upward support for prices.

There are signs that corporate credit spreads have narrowed again compared to the same period last year—this signal is historically seen as bullish. A narrowing credit spread typically reflects an improvement in economic fundamentals, and in such an environment, the macroeconomy and BTC's performance often align positively. This dynamic also indicates that although current data may not be sufficient to prompt the Federal Reserve to take immediate action, political pressure could still drive adjustments to its monetary policy stance. #鲍威尔半年度货币政策证词 $BTC