Today’s rebound reasons: technical oversold correction + signals of easing geopolitical tensions + short-sellers taking profits

Optimistic signals: BTC recovers above $62,000, the $60,000 support temporarily holds, and there is a demand for a technical rebound
Cautious signals: ETF has experienced net outflows of over $3 billion for 10 consecutive days, Strategy has reduced holdings for the first time, the Fear Index remains in extreme fear territory (12), and geopolitical risks have not dissipated
Key observation level: whether BTC can hold the $1,600 level
This week’s variables: CPI data on June 10, developments in US-Iran situation, whether ETF capital flows can turn positive
Operational suggestion: The weekend rebound is a technical correction, with sustainability in question. It is recommended to stay on the sidelines, focus on the defense of the $60,000 support, and monitor how this week’s CPI data guides macro expectations. Do not chase high until the trend becomes clear.
The current market is in a typical "oversold rebound" stage, with $60,000 being the last line of defense in the battle between bulls and bears. Although prices have risen today, structural issues such as continuous ETF outflows and shaken institutional confidence have not been resolved, and whether the rebound can continue remains to be seen. This week’s CPI data and Middle East developments will be key to determining the direction.