本周，比特币在经历低位横盘后逐步修复，并在关键宏观数据公布前迎来阶段性调整。

短期内震荡格局预计延续，短线交易仍需警惕突发反转风险。

This week, Bitcoin fluctuated widely. Affected by macro news, the overall market trend showed a three-stage trend of "sideways consolidation - retracement - strong rebound and high-level consolidation". From July 1 to 2, the market fluctuated downward due to the risk aversion of traders before the release of key US economic data. Investors are paying attention to the number of first-time unemployment claims to be announced on July 3, and look forward to more clear signals from the macro side. At the same time, the overall operation of Bitcoin mining was stable this week, and large mining companies showed significant competitive advantages in energy efficiency control and resource integration.

There is no selling by long-term holders, and the chips are highly concentrated.

This week, the price of Bitcoin showed a trend of "blocked rise and oscillating decline". At present, it is generally maintained in a narrow range of fluctuations. The short-term direction still needs to be further confirmed by trading volume and macro sentiment. The technical signals tend to be mildly bullish. At the same time, mining costs continue to rise. The average mining cost in the second quarter of 2025 increased by about 9.4% compared with the first quarter, reflecting that the expansion of computing power and the rise in energy prices have continued to put pressure on the profitability of miners.

This week, the overall Bitcoin market showed a trend of "first decline and then rise", with prices continuously breaking through multiple key technical resistance levels, strongly breaking through the integer mark of $100,000, and setting a new high. As prices rise, Bitcoin hash price has steadily recovered and has approached the high range of the past month, rising for several consecutive days, showing that the market demand for computing power resources remains strong. At present, most miners remain in the profit range, and the overall operation of the mining industry is in good shape.

This week, the overall trend of Bitcoin showed a wide range of upward fluctuations, achieving an effective breakthrough, reaching a maximum of US$97,436, a new interim high. Market volatility has increased, and capital sentiment has warmed up. The technical exemption has formed a "golden cross" pattern, indicating that the market still has upward potential. At the same time, the total revenue of Bitcoin miners in April 2025 is about US$1.15 billion. As prices continue to rise, the profitability of miners is expected to further increase.

This week, Bitcoin broke through $90,000, $92,000 and $94,000, breaking away from the downward trend of several months and starting a new round of rising cycle. The market is concerned about the tense relationship between Trump and the Federal Reserve and the uncertain direction of the US dollar policy, which has driven funds into Bitcoin. At the same time, the easing of Sino-US trade relations has also boosted market sentiment. The expectation of price increases is expected to improve the cost and profitability of miners.

This week, the price of Bitcoin rebounded strongly from the previous low and remained above $82,000. Despite multiple attempts to reach the upper level, it has not been able to achieve an effective breakthrough. Bullish forces are trying to gently push up the market, and the overall trend is still highly subject to the influence of the macroeconomic environment.

This week, driven by macro factors, the Bitcoin market fluctuated significantly, and the overall sentiment was strongly affected by external variables. In terms of mining, the current mining income is generally lower than the break-even point, and most miners are facing profit compression or even losses. Bitcoin completed a new round of difficulty adjustment at block height 891,072, with the difficulty increased by 6.81% to 121.51 T, setting a record high, further exacerbating the operating pressure of miners.

This week, the Bitcoin market was affected by Trump's latest tariff policy, and the market rose first and then fell. Analysts predict that if it enters a second rebound, the base price of Bitcoin may rise to around $110,000. In the current market environment, miners' profit margins are facing significant squeeze. In addition, the mining difficulty of the Bitcoin network is expected to usher in a new round of increases in about 1 day.

This week, the price of Bitcoin rebounded to over $86,800, and the market activity increased significantly. However, the threat of tariffs has dragged down the US stock market and the Bitcoin market, bringing new uncertainties. In March, due to the dual impact of the increase in mining difficulty and the volatility of Bitcoin prices, the overall income of Bitcoin miners declined. Currently, the profitability of Bitcoin mining is at a critical juncture.

As panic gradually subsided this week, market confidence has recovered and investors' willingness to buy at the bottom has increased significantly. Former President Trump promised to make the United States a Bitcoin superpower, which made the market full of expectations for the future. However, despite the recovery of market sentiment, the economics of mining still face challenges, costs continue to rise, and miners' profit margins are compressed. The market is waiting for a key trigger point, which may determine the next direction of the Bitcoin market.

This week, the legislative discussion on Bitcoin reserves entered a fierce stage, with various political forces participating in it, showing different positions and views. At the same time, the difficulty of Bitcoin mining is close to a historical high, reflecting that the operating environment of miners is becoming more severe. As for the price of Bitcoin, the overall trend is still unclear, and the market remains in a range-bound state. In the short term, it is necessary to further observe the direction of the breakthrough.

This week, market news such as Trump's statement on cryptocurrency and the signing of an executive order to establish a strategic Bitcoin reserve have had an impact on Bitcoin price fluctuations, and the market has shown a high sensitivity to macro news. At the same time, the decline in Bitcoin prices and the increase in mining costs have put pressure on miners' income, intensified competition in computing power, and faced new challenges to the mining ecosystem.