Is BTC still taking a roller coaster ride? Over 60,200, 62,400 short—don’t chase the rally or panic-sell!


CPI data came out but still no clear direction; the main force is just waiting for retail traders to move first!
News: The US and Iran are fighting again—US stocks first dropped. The US launched a “defensive strike” against Iran. US stock futures fell, NASDAQ futures fell by 0.6%, and oil prices surged. Risk-avoidance sentiment is heating up, but BTC didn’t follow up with the rally, indicating capital is on the sidelines. Plus, PPI and initial jobless claims data will be released tonight, so the market doesn’t dare to move recklessly.
Technical: 1-hour range trading; on the daily chart the bias is still bearish. On the 1-hour chart, price is near the middle Bollinger Band, MACD has a golden cross but momentum is weak, and RSI at 60 is neutral. 62,000-62,500 is the resistance zone; if it can’t break through, it will keep ranging.
Daily chart: Bollinger lower band at 56,349, RSI 29 near the oversold edge. The overall direction is still bearish; rebounds are only corrections, not a reversal.
Liquidation map analysis shows long positions are stacked around 60,000-60,200; if the main force wants to blow out longs, they’ll first poke downward with a needle. There’s a short zone above 62,400-62,500; if price rebounds into this area, it’s easy to trigger short-covering demand.
Personal view: box-range consolidation—buy high and sell low. Long near 60,200, target 61,200-61,800. Short near 62,400, target 61,500-60,800. Don’t chase the rally or panic-sell—wait until the right levels are reached, and only then act. If not, stay sidelined! #美国5月CPI创三年新高 $BTC
BTC2.56%
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