Last week, Bitcoin's price dropped terribly, crashing from over 73,000 down to around 60k, a nearly 20% decline in just one week, with the entire market heavily suppressed by bears, and the trend was one-sided. This morning, it briefly rallied to around 64,200 but couldn't withstand selling pressure, turning into a volatile decline, now fluctuating around 63,000.

The market is currently extremely weak, with every rebound quickly fading back down, support levels at 65,000 and 63,000 are easily broken, clearly showing that institutional funds have been continuously withdrawing.

Considering a series of upcoming key events, market pressure will only increase:
1. On June 12th, SpaceX officially goes public, and huge funds will start pulling out of high-risk markets like cryptocurrencies; Bitcoin ETF funds are also continuously flowing out, making next week's market liquidity particularly tight, and Bitcoin has no confidence to rally.
2. Tensions escalate between the US and Iran, with mutual airstrikes and clashes, safe-haven funds are flowing into crude oil and US stocks, even if a ceasefire occurs later, funds will prioritize flowing into IPOs and traditional markets, leaving Bitcoin with little incremental capital.
3. There are also major events like the June 18th Federal Reserve interest rate meeting, June 22nd stock index futures settlement, and June 24th ETF settlement, several heavy nodes in succession, which will amplify market volatility and heighten the bearish sentiment.
Additionally, the World Cup kicks off on June 11th, diverting more funds into sports-related sectors, draining liquidity from the crypto market.

Looking at the K-line trend, the long-term chart shows lower lows wave after wave. This morning’s rally to 64,200 was a typical false rebound, quickly reversing after the rise, with the downward channel fully opening and support levels becoming precarious. The market is partly driven by K-line analysis and partly by external news beyond our control, with uncertainty at its peak. Trading can only be done cautiously with strict position control and stop-loss management.

My outlook remains firmly bearish. Next week, the overall pattern is still sideways to downward, and every rebound is an opportunity to short.
The most important point everyone cares about: do not rush to bottom-fish now; the bottom is still far away!
The first short-term resistance is at 64,500, the second at 66,500; the major reversal resistance levels are at 68,000–70,000, which are unreachable for now! When a rebound hits resistance levels, just short.
Only after firmly breaking below 60,000 will my ideal bottom-entry point be around 57,000. Once it stabilizes at that level, I will consider gradually entering to buy the dip; rushing in early can easily lead to deep traps! $BTC $ETH #分享美股交易赢英伟达股票