Bitcoin is still in the vicinity of $64,000 and has not been able to move in a clear direction over the past few weeks. Despite a reduction in pressure at the beginning of the month, the return of institutional funds was not significant and the market lacked enough to break the new regional catalyst.

ETF has been out for six consecutive weeks.

According to the data, United States spot bitcoin ETF has been recorded for six weeks in a row. While a small number of trading days have turned into net inflows, the overall scale has not been reversed, indicating that institutional funds are still in a defensive position.

For prices, a slowdown in sales pressure does not amount to a reversal of the trend. In the absence of ongoing requisitions and incremental purchases, the Bitcoin short-line rate is likely to sustain the shock.

The U.S. dollar rises to suppress bitcoin.

After the June meeting of the Federal Reserve, market expectations of short-term interest rates cooled, pushing the dollar index back to 100.6 to 100.8, and the United States Treasury debt return remained high. When liquidity is tight, funds tend to favour more stable assets.

This has resulted in high-variant risk asset charges such as bitcoin. Despite the easing of geographical tensions following the agreement reached by the United States and Iran and the improvement in risk preferences, this support has not been sufficient to offset the impact of the strengthening of the dollar.

Short-line focus on $60,000 to $67,000.

Simon-Peter Massabni, Chief of Business Development, XS.com, indicated to CoinDesk that bitcoin could continue to fluctuate between $60,000 and $67,000 in the short term. The market is now in a state of support and repression.

Support from ETF decompression and emotional repair, pressure from the Fed ' s cautious position and an institutional need that has not yet been confirmed. If more solid repairs are to occur in the second half of the year, the market will still need to see a renewed and sustained net inflow of ETFs and a more explicit recovery of institutional buyouts.