PANews reported on June 30 that the crypto financial services platform Matrixport analyzed on X platform that Bitcoin is testing recent resistance levels, but the market response is relatively lukewarm. Although ETF funds continue to flow in and US stocks are hitting new highs driven by retail investors, Bitcoin's upward momentum remains limited, with a relatively weak trend. After entering the summer, market activity tends to become quieter, and such consolidation patterns are not uncommon during the same period in previous years. Meanwhile, market expectations for Federal Reserve policies are also changing. As more officials begin to question the sustainability of tariff-induced inflation, rate cut expectations are warming up, and the Fed's attitude is gradually turning dovish.
In this context, traders' attention may shift from focusing on tariff negotiation progress to following the stock market rhythm. The strong performance of US stocks has become a bellwether, and the incremental funds brought by Wall Street through ETFs may become an important driving force for a new round of Bitcoin's rise.
