BTC surges to 65,000, ETH nears 2,000! The real market is starting this week!

Bitcoin is currently back above $65,000, while Ethereum has also rebounded to around $1,960.
From the order book, this round of ETH is clearly stronger than BTC, indicating that risk appetite in the market is recovering, and some capital has started rotating from BTC to ETH. But I believe what truly determines whether this rally can keep moving up is not technicals—it’s this week’s global macro data.
Why do I say that?
Because this week will bring the Federal Reserve interest rate decision, and the Bank of England will also release its latest rate policy. Global markets are waiting for one answer: will future USD liquidity continue to tighten, or will it shift toward easing?
And the biggest variable affecting the Fed’s decision is inflation.
Vosh has emphasized multiple times that the Fed wants to keep inflation under stable control at around 2%. Until inflation truly returns to the target, the Fed won’t easily release easing signals.
However, recently there is still potential for fluctuations in the Middle East situation.
If the Iran-Iraq conflict escalates again, international oil prices could rise once more. Oil price increases don’t just affect the energy sector—they will further raise transportation, manufacturing, and consumption costs, increasing the risk of inflation rising again in the future.
If inflation picks up again, the Fed may keep high interest rates for longer, and it’s not impossible that it continues to release a more hawkish signal.
For Bitcoin, this means market liquidity is still being constrained.
So, what the market is really watching this week isn’t whether to hike or not, but whether Vosh will continue to stress the inflation risk, and the future interest-rate path.
Now let’s look at the chart.
At around $65,000, Bitcoin has already reached an important prior resistance zone.
I think the first resistance above is $65,500 to $66,000.
If it can break above $66,000 with increased volume and hold on a four-hour timeframe, the next target could be $68,000, or even $70,000.
But if the Fed’s remarks come in hawkish, or the market worries about inflation again, Bitcoin is likely to stall around $66,000 and then retrace toward the $64,000 or even $62,000 area.
Now let’s look at Ethereum.
ETH is currently around $1,960, and its overall trend is clearly stronger than BTC’s.
The most critical level above is the $2,000 psychological threshold.
If Bitcoin successfully breaks above $66,000, the probability of ETH breaking above $2,000 should increase further.
But if BTC fails to push higher, ETH likely won’t be able to rally independently on its own.
So I believe the current market is still a news-driven market.
Short-term sentiment has already improved somewhat, but what truly determines the direction for August is the Fed’s stance this week.
My view hasn’t changed.
Above $65,000, I don’t recommend blindly chasing longs.
Focus on whether $66,000 can hold effectively.
If it holds, continue to look for $68,000 to $70,000.
If it doesn’t hold, keep waiting for new opportunities after a pullback.
In the trading market, what truly determines price has never been sentiment—it’s liquidity.
War affects oil prices, oil prices affect inflation, inflation affects interest rates, and interest rates ultimately determine the future direction of Bitcoin and Ethereum.
This is the core logic worth watching most this week.