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📊 Technical Analysis
• Daily chart shows a bearish arrangement, breaking below the 20/50/100-day moving averages, MACD has crossed below the zero line with increasing green bars, RSI approaching oversold levels (<30), short-term rebound possible but the trend remains bearish.
• Key support levels: 66,400 → 65,000 (psychological level) → 62,000
• Key resistance levels: 68,500–69,000 → 70,000 → 71,000–72,000
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📰 Major Bearish Drivers
• 🏦 MicroStrategy (Strategy) first reduced its BTC holdings (sold 32 coins), breaking the "buy only, no sell" belief, triggering a sentiment dump.
• 📉 The US spot BTC ETF has experienced about 11 consecutive days of net outflows, with total withdrawals of approximately $3.5 billion.
• 🌍 Middle East geopolitical tensions + soaring oil prices, Federal Reserve officials leaning hawkish, easing rate cut expectations, increasing rate hike concerns.
• 💥 Over the past 24 hours, global liquidations exceeded 250k traders, totaling about $1.6–1.8 billion, with long positions being forcibly closed, intensifying the decline.
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⚠️ Attention
Currently dominated by bears, no clear reversal signals are present, so blindly bottom-fishing is not recommended. Focus on whether this Friday (June 5) US non-farm payroll data can bring any surprises. The above is market information for reference only and does not constitute investment advice. Be mindful of risk management.
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$BTC