Woofun AI reports that Bitcoin declined approximately 1.5% from its three-week high, trading near $64,500 alongside a broader US stock market downturn. Although June CPI and PPI figures came in below expectations, triggering a brief rally in crypto and equities, tech stocks subsequently encountered significant selling pressure. Micron has retreated more than 30% from its all-time high recorded on June 22nd. The Kobeissi Letter highlighted that retail investors are liquidating tech gains, with net sell-offs of $200 million each in Tesla and Apple over the past two weeks, while total retail single-stock trading volume hit a record $370 billion.

Market participants maintain a cautious stance on Bitcoin's trajectory. Exitpump observed that Bitcoin is testing the anchored VWAP derived from the May peak of $82,000, a level that may cap the current rebound and introduce stronger resistance. Rekt Capital identified initial resistance near the 50-month moving average at approximately $65,900 and suggested the current trend could resemble the 2022 bear market, with a potential macro bottom not arriving until later this year.