$60k Bitcoin, did you cut your losses?

Falling from $73,500 to $59,200, a drop of 18% in less than a month. ETF outflows for 13 consecutive days, non-farm payroll data hit hard, Nasdaq crashed 5%—just as everyone was despairingly cutting, miners' hash rate hit a new all-time high, and exchange-held Bitcoin reserves are at historic lows.

First look at the surface: bad news hits hard, price breaks down.

In 24 hours, another 3% drop, dipping to $59,227, the $60k level is in jeopardy. The candlestick chart shows: breaking below all moving averages, a bearish alignment, ascending wedge confirmed to break.

First thing: $1.6 billion爆仓, all blood of longs.

On Friday, non-farm payrolls exceeded expectations strongly, Nasdaq fell 5%, Bitcoin crashed. In 24 hours, $1.6 billion爆仓 across the network, mostly longs.

In March 2020, Bitcoin dropped from $10,000 to $3,800,爆仓 worse than now. Those who cut at $3,800 later watched Bitcoin at $60k, breaking their legs.

Second thing: ETF has been outflows for 13 days, but BlackRock secretly returned.

Spot ETF has been net outflowing for 13 days, sounds like doomsday?

But look carefully—June 4th, BlackRock IBIT had a single-day inflow of $48 million.

Total net inflow still above $54 billion, institutions haven't run, just waiting for lower prices.

Third thing: hash rate hits new all-time high, miners are more calm than you.

Bitcoin's total network hash rate surpasses 1 ZH/s, a new record. Miners haven't shut down to sell, instead they are adding machines.

Fourth thing: the candlestick already tells you—panic isn't over yet.

Daily chart: breaking below MA50/100/200, bearish alignment, four consecutive days of downward candles with volume, MACD green bars expanding. A typical trend break, not a fake move.

Longs and shorts, see for yourself.

One side is:

- Hash rate at a new high, miners' faith firm
- Exchange reserves at historic lows, limited selling pressure
- 75% long-term holders, no one is cutting
- BlackRock starting to flow back, smart money testing waters

The other side is:

- Breaking below all moving averages, technical bear market
- Non-farm payrolls beat expectations, rate cuts far off
- ETF outflows for 13 days, institutions hedging risk
- $60k may not hold, $57k is the last line of defense for bulls

Key level: $60k, only $2,800 away from the critical $57,147 line.

Resistance above: $63,097 → $68,000 → $73,694

Support below: $57,147 → $55k

For those holding positions at a loss:

Stop cutting! Selling below $60k is like those who sold Bitcoin at $3,800 in March 2020. Wait for $57k-$60k to buy in batches to lower your cost, set stop-loss at $55k.

For those with no position or light holdings:

Wait until $60k stabilizes effectively + daily volume turns bullish before entering. Don’t rush to buy the dip, let the bulls lead the way. Or place orders in the $57k-$60k zone, buy every time it drops $500, don’t go all-in at once.

Short-term traders:

- Shorts: rebound to $62,500-$63k with low volume, small position short, stop-loss at $63,500, target $57k
- Longs: volume bullish candle near $60k + RSI oversold, small position to catch the rebound, stop-loss at $59,000, target $63k

Bitcoin’s current situation is like November 2022 at $16,000—

Everyone thought “Bitcoin is going to zero,” but a year later it hit $73,000.

Every bull run cleans out leverage in the cruelest way, then soars ahead. #分享美股交易赢英伟达股票 #预测NBA总冠军赢20,000U $BTC $ETH $SOL