6.8 Bitcoin Strategy: Weekend Rollercoaster



$BTC
Entry: Around 635-640, with a surge to 645, watch 620-600

This weekend really messed with people's minds! First, it shot up directly to 59,100, almost thinking it was heading to 50k, then suddenly a violent surge back, straight to over 63,000. Many people were cutting losses at the bottom, tearing their thighs apart.

Let's talk about the current situation: this move is a super oversold rebound + Middle Eastern risk aversion driven by two factors. The decline was too sharp, so technicals need to recover. Plus, Iran directly attacked U.S. military bases, causing oil prices to skyrocket, and some funds moved in for safe-haven.

But don’t get too happy too early; this is just a rebound, not a reversal! The main trend is still downward. Institutions withdrew 1.7 billion USD last week, the largest outflow in a year. The Fed’s rate hike expectations are still rising. The CPI data on June 10 and the FOMC meeting on the 17th are the real tests.

Market sentiment is extremely fragile right now; any small movement could trigger big volatility.

Don’t chase highs, don’t hold heavy positions, be patient and wait for the CPI data to come out #比特币回升5%
BTC-0.66%
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