Crypto Market Review

Macroeconomic aspect, mildly neutral suppression:
US May CPI year-over-year 4.2%, month-over-month 0.5%, in line with expectations; core CPI month-over-month 0.2%, below the expected 0.3%. This is not a major bearish signal for the market, but also not a sign of significant easing.
The market previously priced in about a 98% probability that the Federal Reserve would keep interest rates unchanged on June 17, but there remains a 25 basis point rate hike risk before the end of the year.
Data shows that on June 10, US spot BTC ETF net outflows were approximately $213.9 million, ETH ETF net outflows about $35.5 million.
Additionally, Fold Holdings disclosed the sale of about $45 million worth of BTC to repay mortgages and release operational funds, with some BTC treasury companies prioritizing asset-liability management defense in weak markets.
Technical perspective: rebounds are possible, but should not be mistaken for reversals
$BTC Small-scale rebounds are obvious, but larger-scale reversals have not yet occurred. Currently, more like a correction after stopping around $60k, with the current price around $62.6k–$62.8k.
Short-term, it has been pulled up from the demand zone around $60.8k/$61k.
There is a rebound structure indicating a minor reversal on small cycles, but the 4-hour and daily charts are still in low-position oscillation correction after a downtrend.
To truly turn bullish, it needs to stabilize above $64k–$64.5k; otherwise, $63k–$64.5k is more likely to become a zone for short-term rebounds or liquidity sweeps.
$ETH Weaker than BTC, the rebound more resembles short covering, currently around $1,655.
Short-term, it has rebounded from around $1,600, but the 4-hour chart remains below $1,700–$1,720.
If ETH cannot effectively reclaim $1,700–$1,720, it may return to test around $1,600, $1,550, or even $1,500 for a second test.