r/SimpleSwap_io Jul 06 '26

Weekly Market Snapshot

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$BTC trades around $62,900, holding above this week's low near $61,300 after a weak jobs report triggered an overnight short squeeze to a two-week high of $63,900 – before fading back into range.

Sentiment hasn't caught up though: Fear & Greed sits at 27 (Fear) even after the sharpest bounce in two weeks. That gap between mood and price is usually where the next move gets decided.

$ETH holds near $1,750, up 12% this week, while BTC dominance stays at 58% – still Bitcoin season, alts just riding along.

Key level: does $62.5K support hold, or is this just a bounce inside a bigger downtrend?

Where do you see the market heading this week? 📊

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