Analysis: The technical support for Bitcoin is solid, but the liquidity is lagging.

PANews June 27 news, Matrixport’s latest weekly report pointed out that after the FOMC meeting on June 18, 2025, the Federal Reserve (FED) shifted from a hawkish to a dovish stance, with several board members expressing easing rhetoric, and Powell appeared more conciliatory during congressional hearings. The market expects a low probability of rate cuts in July, but signals for policy adjustments in September may be released in advance. Inflation has dropped to 2.38%, close to the Federal Reserve’s 2% target, and the unemployment rate has remained at 4.2% for 12 consecutive months. Although the risk of tariff-induced inflation has not materialized, market expectations for a dovish turn from the Federal Reserve continue to strengthen. At the beginning of this week, after the US military airstrikes in Iran, Bitcoin briefly fell to the 21-week moving average (98,532 USD), which is a key technical support level. If the price returns above the moving average, Bitcoin may benefit from the Federal Reserve’s dovish shift, and if subsequent rate cut signals are clear, it is expected to rise further. In addition, the inflow of stablecoin funds remains sporadic, with Tether minting approximately $12 million, while Circle has almost ceased issuance. The synchronized expansion of stablecoins with broader liquidity is crucial for the bullish momentum in the crypto market. Currently, traders are still focused on Bitcoin, which is significantly outperforming other crypto assets.