According to foreign media, Bitcoin recovered from the fall in oil prices and the expected softening of inflation in the United States, with a return to the price of $60,000. However, the continuous flow of real bitcoin ETF from the United States continues to suppress institutional demand, which allows the current round of rebounds to remain variable.

Price recovery and macro-momentation

In the past 24 hours, Bitcoin has rebounded from approximately $5.83 million to about $6.06 million. Global risk preference for warming was mentioned as one of the direct causes of price recovery.

The return of Brent crude oil to below $71 per barrel also eased the market ' s concerns about inflation. At the same time, indirect negotiations between the United States and the Islamic Republic of Iran have progressed and transport in the Straits of Hormuz has resumed, which has led to an expected cooling of energy supply tensions. In the case of encrypted assets, such changes usually favour short-line risk preference restoration.

ETF continues to outrun demand.

Despite the rebound in prices, United States spot bitcoin ETF continues to bleed. Net outwards on 1 July of $294.6 million a day, compared to $222.6 million, $231.1 million and $444.5 million in the previous three trading days.

According to the report, this means that institutional funds are still being withdrawn from the products in the near future. ETF foreclosure forces the issuer to sell the corresponding bitcoin, thus creating additional supplies to the spot market.

There has also been no significant shift in the Federal Reserve policy environment. While the market welcomed the pros and cons of the doves, interest rates remained high, and the fall was expected to continue. The high rate of return on US debt also allowed some of the agencies to continue to flow to the US Science and Technology Unit and AI Board instead of digital assets.

$6.27 million and $65,000 are key positions

According to the article, although there are signs of repairing the short-line movement, a stronger rebound still needs to break higher resistance. At the solar-line level, bitcoin rebounded from the vicinity of approximately $5,78.26 million, reducing the pressure on sales, but not yet sufficient to confirm the reversal of the trend.

The current price, although repositioned at $60,000, is still below a set of key line areas, with resistance broadly spread between $6.24 million and $751 million above. According to analysts, bitcoin needs to be repositioned at $6.27 million and $65,000 if the repairs are to be further strengthened.

In a shorter period of time, the market is more concentrated in the settlement areas. The CoinGlass data show that there is a more intensive empty clearing area near between $61,000 and $6.18 million, and that if prices break through this area, they may lead to a passive recovery. On the contrary, in the event of a failure of $ 60,000, a multi-headed settlement area close to $ 595,000 and $58,000 below may be re-pressured.

The rebound remains at multiple risk

At the same time, it was mentioned that if the ETFs continued and the institutional needs were delayed, the round could quickly turn weak. A number of developments at the enterprise level have also influenced market sentiment, such as the emergence of concerns about the potential future increase in the supply of large-scale business currency holders after Strategy adjusted its capital policy to allow for the sale of coins.

In addition, geo-situations remain external variables. If the negotiations between the United States and the Islamic Republic of Iran are blocked again, or tensions around the Strait of Hormuz rise, oil prices may rise again and raise inflation concerns again.

Technically, if Bitcoin is unable to hold $60 million, the market may again test the $595 million and $588 million areas; if the June low point is about $578 million, the current recovery will be significantly weaker.