Crypto Macro Headwinds and the $BTC Range
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It feels like the macro winds are shifting, and not necessarily in favor of risk assets like crypto. With $CPI still a talking point, and broader market jitters, I'm leaning towards $BTC remaining range-bound for the remainder of June. I think there's a roughly 60-65% chance we stay within a $60,000-$68,000 band, even with the usual volatility. The reasoning is multifaceted: we haven't seen a strong narrative shift to push us decisively higher, and the persistent outflow data from some ETFs suggests institutional conviction might be wavering slightly at these levels. On the downside, there's solid technical support and enough dip-buying interest to prevent a complete capitulation, barring a black swan event. We might see a few probes towards either end of that range, but I'm not anticipating a breakout move in either direction before July.