BTC Support at $62,200 Faces Test as Fed Policy Direction Hangs in Balance

The global macro market has been focused on the Federal Reserve's monetary policy path, inflation trends, and economic growth expectations. The Fed maintained interest rates at its July meeting, with policymakers seeking a balance between controlling inflation and avoiding excessive economic slowdown.

Economic performance among major global economies has shown divergence, with the European economy facing growth pressures while some emerging markets continue to stimulate their economies through interest rate cuts and easing policies.

The market remains in a policy waiting period under a high-interest-rate environment, with the dollar, treasury yields, and global risk assets fluctuating due to changes in macro expectations. The upcoming week will focus on U.S. non-farm payroll data, unemployment rates, manufacturing and service sector data, as well as subsequent inflation-related indicators.

BTC has been oscillating within the range of $62,000 to $65,000, with investors remaining cautious after the FOMC. The market is influenced by ETF fund flows, interest rate expectations, and declining risk appetite. If BTC can stabilize in the $64,000 to $65,000 range, accompanied by ETF fund inflows, the market may rebound towards the $66,000 to $68,000 area.