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Woofun AI reports that BTC fell 5.96% to $60,206 and ETH dropped 8.91% to $1,574 during the week of June 23–29. The AHR999 indicator reached a historical low of 0.287, signaling extreme undervaluation. Despite May PCE inflation hitting 4.1% and core PCE at 3.4%, the market rallied as negative factors were priced in. Technical analysis reveals bottom divergence in daily RSI for both assets, with ETH DVOL exceeding BTC, indicating persistent implied volatility premiums.
Upcoming catalysts include JOLTS data on June 30, ADP employment on July 1, and the NFP report on July 2, which expects 113,000 jobs and a 4.3% unemployment rate. Strong employment figures combined with potential hawkish remarks from Warsh could exert further downward pressure on crypto assets given current rate hike expectations.