BTC rises slightly by 0.19% within 4 hours: short-term recovery driven by short covering and overlapping technical support
From 12:00 to 16:00 (UTC) on June 9, 2026, BTC’s return rate recorded +0.19%, with a price range of 62,688.3 to 62,894.7 USDT and a volatility of 0.33%. Against the backdrop of a pullback from historical highs of about $126,000 to the current $60,000–$70,000 range, this mild increase suggests the market is in a bottoming-and-rangetrading phase, with bullish and bearish forces becoming more cautious. The main driver behind this unusual move is the covering of short positions. During the prior ser
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