TRON weekly report: BTC bulls remain resilient despite regulatory and rate hike headwinds
The crypto market experienced a recovery this week following initial declines triggered by the failure of the CLARITY Act (US digital-asset market-structure bill) and the Federal Reserve's 25 basis point rate hike to 3.75%–4.00%. After testing lows near $75,000, BTC rebounded to the $81,000–$81,900 range, driven by short covering and exhaustion of selling pressure. Analysts are now watching to see if BTC can sustain its momentum above the $82,000 resistance level without further short liquidations, or if it will retreat toward the $75,000–$76,000 support zone. Meanwhile, ETH is being monitored for its ability to hold the $2,600 level as support.
Summaries are written by AI from the original article. Not investment advice.