TechFlow news, June 30 — Matrixport released a chart analysis today stating, "Bitcoin is testing recent resistance levels, but market reaction remains relatively muted. Despite continuous ETF inflows and U.S. equities hitting new highs driven by retail investors, Bitcoin's upward momentum remains limited and its price action appears weak. As summer sets in, market activity naturally tends to slow down, and such consolidation patterns are not uncommon during this period historically. Meanwhile, market expectations regarding Fed policy are also shifting. With more officials beginning to question whether inflation caused by tariffs is sustainable, rate cut expectations are rising, and the Fed's stance is gradually turning dovish.
Under this backdrop, traders may no longer focus intensely on progress in tariff negotiations, but instead closely follow equity market trends. The strong performance of U.S. stocks has become a key indicator, and incremental capital from Wall Street via ETFs could become a major driving force behind Bitcoin's next upward move."
