The cryptocurrency market has staged a robust rebound following our previous market bottom call, with BTC surging past $66,000 and ETH exceeding $3,500. Meme coins like PEPE and WIF led altcoin gains, posting 20%+ rallies.
Key Market Drivers
1. U.S. CPI Data Shows Cooling Inflation
June's CPI rose 3% YoY (below 3.1% forecast), increasing Fed rate cut expectations. CME FedWatch projects 93% probability of September rate reduction.
2. Germany Completes Bitcoin Sell-Off
After dumping 50,000 BTC, German government wallets show zero balances, removing a major market overhang. However, Mt. Gox repayments ($9B+) remain pending.
3. Political Developments Favor Crypto
Trump's shooting incident and VP pick JD Vance (a crypto advocate) boosted market sentiment. Vance holds $250K in BTC and criticizes SEC's regulatory approach.
4. Institutional Validation
BlackRock CEO Larry Fink reversed his BTC skepticism, calling it "a legitimate investment vehicle" and hedge against currency devaluation.
Technical Analysis
👉 BTC price action shows strong momentum after breaking the descending trendline on 7/15. The 10% two-day rally pushed prices to the mid-point of March's consolidation range, with 4h RSI indicating overbought conditions.
Key Levels:
- Support: $63,000 (previous resistance)
- Resistance: $69,000 (upper range)
Investment Strategies
Portfolio Performance (7-Day):
| Strategy | ROI | Key Holdings |
|---|---|---|
| GTRadar-BULL | +6.48% | SOL, BTC, ETH |
| GTRadar-Balance | +3.8% | Diversified alts |
Pro Tip: Consistent investors outperform those frequently switching strategies. Market pullbacks often present ideal entry points.
Regulatory Updates
- SEC approved Paxos' BUSD as non-security
- ETH ETFs may launch next week
- Taiwan mandates crypto business registration for AML compliance
FAQ
Q: Is BTC's rally sustainable?
A: While short-term correction likely, long-term indicators (ZMET daily chart) show bullish confirmation.
Q: Should I invest in meme coins now?
A: High-risk assets like PEPE/WIF show volatility. Allocate only what you can afford to lose.
Q: How will Mt. Gox affect prices?
A: The $2.7B transfer already caused a dip to $63K. Monitor creditor selling pressure.
👉 For real-time market insights, track wallet movements and exchange flows.
Disclaimer: Past performance doesn't guarantee future results. Consult financial advisors before investing.