BTC rebounds slightly 0.77% in 15 minutes: technical repair combined with macro expectation shift

July 5, 2026, 22:15 to 22:30 UTC, BTC completed a +0.77% short-term rebound within 15 minutes, with the price rising from 63193.6 USDT to 63732.1 USDT, an amplitude of 0.85%. This period was in the early morning Asian session with relatively thin liquidity. After testing key support areas, the price staged a corrective rebound, and market attention picked up.

The main drivers of this move were the resonance of technical rebound and macro expectations. After price repeatedly tested the $58,200-$59,400 support area recently, some short contracts chose to close positions and exit. At the same time, the US employment data released in early July prompted traders to reprice expectations for Fed monetary policy, and market bets on a "dovish pivot" within the year have warmed up, supporting risk assets to stabilize in the short term.

Second, ETF fund flow momentum remains a key sentiment factor in the short term. After the initial tactical withdrawal of institutional funds, some dip-buying orders entered near technical support levels, forming a floor effect on price. In addition, on-chain data shows long-term holders are in a wait-and-see mode while exchange reserves continue to decline; the tug-of-war between accumulation and selling pressure provides a structural backdrop for short-term volatility.

Currently, attention should be paid to whether the key resistance at $64,000 can be broken; if it holds above this level, the recovery trend may continue; otherwise, range-bound oscillation may persist. Upcoming CPI data and Fed officials' speeches will provide more macro directional guidance. It is recommended to monitor ETF fund flows and on-chain coin holding address changes, and be wary of leverage volatility risks amid a tightening liquidity environment.