Bitcoin continues its bearish trend, with the probability of breaking below the 60k level still relatively high. The only variable is tonight's CPI data; if the figure is below 3.8%, a trend reversal may be possible. The current overall downward trend is clear, and various technical indicators further confirm that the decline will continue.

This small rebound is not a trend reversal; caution is advised against false signals. The rebound mainly relies on the historical long orders formed in the 61,616-60,750 range at 9:00 on June 7, which provided support, causing the price to temporarily rise. Currently, no new long capital has entered the market, and this support zone has previously been broken by the price.

Subsequently, the price will gradually fall back to the 61,616 level, then break below 60,750 again. The short-term average price of 61,820, the medium-term average of 61,680, and the liquidation pain points of 61,391-61,633 will become the core short-term oscillation and rotation zone. Once the 61,680 support fails, the market support strength will continue to weaken, and the price will further decline. This rebound is consistent with previous trend logic, merely a stage rebound caused by historical orders, and the overall trend has not changed.

The current market has already shown multiple clear bearish signals: a new medium-term bullish pressure zone has formed at 60,360-60,117, which has strong support, and the price is likely to gradually approach this level; medium- to long-term accumulation orders are at 60,533 and 60,588.

Future outlook

1. This rebound is only a temporary correction; the overall downward trend remains unchanged, beware of trap-induced false signals;

2. After breaking below 61,680, the price enters the 61,616-60,750 long defense zone and oscillates within the 61,391-61,633 range; if 61,391 is effectively broken downward, it will break through 60,750;

3. Once 60,750 is lost, the price will further decline to around 60,500, reaching the medium-term key resistance zone of 60,360-60,117 for oscillation, which will also be effectively broken downward in the end.

Intraday short-term view: short at 61,250, target 60,250, stop loss 1,000#btc