65,000 has shifted from support to strong resistance


· ETF has experienced 14 consecutive days of net outflows, totaling $4 billion
· Extreme panic (fear index 11-23), funds are still fleeing
· Macro aspect: June FOMC rate hike expectations are heating up, CPI becomes a key variable

🛡️ What's the outlook now?

· If the rebound cannot stabilize above 63,500-64,000, there is a high probability of a second bottom
· 60,000 is the mid-term bull-bear dividing line; a break below will test 59,000 or even lower
· A true reversal requires: ETF inflows + fear index rising back to 30+ + macro turning dovish

📅 Recent risk events: CPI on June 10, FOMC on June 16-17

🚨 Conclusion: Currently, it’s only suitable to wait and see or attempt a rebound and short, not recommended to chase longs. Bear market rebounds are often “bull trap”.
VIX0.64%
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