Matrixport: Bitcoin is testing recent resistance levels, Wall Street incremental funds may boost summer market

BlockBeats News: On June 30th, Matrixport released a daily analysis stating that Bitcoin is testing recent resistance levels, but the market response is relatively lukewarm. Although ETF funds continue to flow in and US stocks have reached new highs driven by retail investors, Bitcoin's upward momentum is still limited and its trend is weak. After entering summer, market activity tends to be sluggish, and such consolidation is not uncommon in the same period of previous years. At the same time, market expectations for Federal Reserve policies are also changing. As more officials begin to question the sustainability of inflation caused by tariffs, expectations of interest rate cuts are heating up, and the Federal Reserve's attitude is gradually turning dovish. In this context, traders' attention may no longer be fixated on the progress of tariff negotiations, but instead shift towards keeping up with the pace of the stock market. The strong performance of the US stock market has become a barometer, and the incremental funds brought by ETFs on Wall Street may become an important driving force for the new round of Bitcoin's rise.