Today, prior to the anticipated Fed minutes and NVIDIA earnings report, the markets are experiencing some selling pressure. Bitcoin’s price has fallen to the 107,000 range, with potential for a deeper daily low. While Bitcoin 
$77,342 was left alone in the upward movement, altcoins are now leading the decline. What is the expert outlook on this trend?
Bitcoin’s Decline
At 21:00, the US Fed minutes will be released, and simultaneously, Trump will sign new executive orders. NVIDIA’s earnings report is also creating significant anticipation in the market, as we’ll observe the impact of tariffs on last quarter’s sales. Cryptocurrency investors are facing another challenging day.
As of the writing of this article, Washigorira pointed out the critical level of $102,700 in his shared chart.
“Bitcoin is hovering around the daily Tenkan level, which remains a key point to watch.
The next support: Kijun at $102,700.”
Ali Martinez is focused on the support level at $106,800, arguing that a break here could significantly increase volatility.
“Bitcoin continues to adhere to its range, but all eyes are on the $106,800 support level. A break here could trigger increased volatility!”
During the article’s preparation, Trump made statements about Russia and Iran.
“I can’t tell you if Putin wants to end the war. We will soon find out. It takes about a week to learn. U.S. Envoy Witkoff is deeply involved with Russia. If Putin is toying with us, we will respond differently.
We are having good talks with Iran.”
Cryptocurrency Comments
In just a few hours, we’ll see the effects of both the minutes and NVIDIA’s earnings report on the charts. Executive orders from Trump might also lead to surprising movements. Uncertainty still hovers over cryptocurrencies like a dark cloud, but this will eventually come to an end. As July 9 approaches, countries will no longer have time to extend their negotiations. In a matter of weeks, the permanence of tariffs could become clear.
Altcoin investors are focused on the ETHBTC pair. Despite BTC’s significant gains, altcoins have struggled to perform as expected for years. The ETHBTC pair has weakened for more than a thousand days, but a reversal is anticipated. Bullet shared the chart above, targeting levels between 0.034-0.04 BTC before setting sights on 0.054. He doesn’t expect it to rise above 0.06 and warns altcoin investors to sell at the right point.
