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Jackson king
📅 August 08 #Bitcoin #Ethereum #MarketAnalysis
The rebound continues amid doubts, but every step hits resistance zones📊
US July non-farm payrolls unexpectedly weakened, which instead ignited rate cut expectations🔥 US stocks promptly hit record highs, and the crypto market followed suit with a recovery, with #BTC approaching the $65,000 mark again. Macro sentiment shifted from panic to greed, and funds began tentative inflows📈
There is support at the bottom and heavy pressure above. Continuous net inflows into ETFs, Trump's public endorsement of crypto, and whales quietly accumulating — these three positives form a solid floor. However, the $65,500 to $66,000 range forms a dense supply zone, and the Damocles sword of US-Iran tensions has yet to fall. With low trading volume, every rally feels underpowered, and the market oscillates repeatedly between hope and caution⚖️
#ETH acts more like a passive follower, with overall elasticity clearly weaker than BTC. Until geopolitical risks are fully cleared, independent altcoin rallies are destined to be limited, and weak oscillations may become the norm🔻
The true bull-bear dividing line depends on whether the price can hold key levels during pullbacks. If the $63,100 to $63,600 range is effectively supported, the foundation for a buildup rebound still exists, so patiently wait for the market to provide answers.
#BTC #CryptoMarket
#Crypto #PayrollsDropCPIFocus #SpaceXUnlockRebound #AIMemoryStressTest
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