Slow and steady
Trading volumes remain shallow, and volatility stays low. During this slump in activity, BTC pushed beyond $110k as Trump's budget bill was signed. Tariffs have returned to the limelight, prompting traders to maintain a risk-averse profile in perps.
Preview
Bitcoin saw a brief but strong rally this week, reaching a four-week high of $110,500 before gradually retreating to around $108,000. Despite muted overall market activity and trading volumes, the upward move pushed BTC above a downward-sloping trend line formed by the May 22 and June 10 peaks, signaling a potentially bullish technical shift. The rise was sparked partly by weak U.S. private-sector job data, which heightened expectations for interest rate cuts and temporarily boosted BTC price action.However, the upward momentum faded as stronger-than-expected unemployment figures and robust non-farm payrolls data offset earlier optimism. Meanwhile, U.S. political developments added further complexity: President Trump signed the One Big Beautiful Bill Act (OBBBA) into law on
