Today is June 30, BTC price 107698

In last Friday's analysis, we mentioned that the large bullish line created by Trump needs 5 to 8 days of consolidation to determine the direction, and it has been in a sideways movement for 7 days now. The large bullish line from the ceasefire in Iran disrupted the entire market's moving averages, combined with BTC being at a high level, so the trend resembles that of a turtle and is unsustainable.

The next three factors affecting the market trends are: 1. The relatively urgent issue is Trump's Great Beautiful Plan, which, in the short term, benefits companies by reducing taxes and is favorable for the performance of the US stock market. Let's see how the US stock market performs tonight. 2. The approval of ETFs; there were many news flashes last week that will drive the ETFs of XRP, DOGE, and SOL this week, and we hope for more clear information. 3. Interest rate cuts; Powell's recent comments have been somewhat relaxed. Does the US want to cut interest rates? Of course, it does. The EU has already cut rates more than ten times, but the premise for this cut is that the US needs to properly address current issues with national debt and tariffs before it can proceed. Therefore, we see that Trump has given a clear response to all countries: those that cannot reach an agreement by July 4th will receive a unified tariff letter with no further changes.
This month, institutional investment in BTC has exceeded 100 billion USD, which was unimaginable in the past, but the market has not moved much. The MA250 moving average has already risen to 95,000, so the oscillation space is getting smaller and smaller. 95,000 is the major bottom, and as long as it stays above this, there’s no negative outlook. Let’s wait a bit longer; it should be coming soon.