1. Current Price and Overview (June 12, 2026, 11:58 UTC+8)

• Current Price: $63,485 (24h +1.17%)

• Intraday Range: $61,111 (low) — $63,620 (high)

• Core Judgment: Oversold rebound after a sharp decline, daily bearish trend unchanged, mainly short-term recovery

2. Key Price Levels (USDT)

Support Levels

• Strong Support: $59,080 (key bottom in this round of decline)

• First Support: $62,000 (short-term bull-bear dividing line)

• Second Support: $60,500 (intraday strong support during pullback)

Resistance Levels

• First Resistance: $63,800–$64k (short-term supply zone)

• Strong Resistance: $66,100 (SMA10, medium-term bearish defense line)

• Extreme Resistance: $70,200 (SMA20, strong rebound pressure)

3. Technical Analysis Breakdown

1. Daily Chart (Trend)

• Moving Averages: SMA5/10/20/50 all downward, clear bearish arrangement

• MACD: Green bars converging, no golden cross, bearish momentum weakening but not reversed

• Bollinger Bands: Lower band running, weak market structure

• Conclusion: Main daily trend remains bearish, current move is only oversold correction

2. 4-Hour Chart (Rebound Structure)

• Pattern: V-shaped rebound after $59k, continuous bullish candles

• MACD: Golden cross below zero line, red bars expanding, short-term bullish momentum strong

• RSI: 53 (neutral), no overbought, room for further rebound

• Moving Averages: Above SMA5, initial formation of short-term bottom

3. 15-Minute Chart (Short-term Rhythm)

• Pattern: Symmetrical triangle breakout, short-term bullish continuation

• Volume: Breakout with increased volume, active buying

• Conclusion: Short-term oscillation leaning bullish, cautious of pullback at high levels

4. Core Logic and Trading Suggestions

Logic

• Major Trend: Daily bearish, rebound not reversal, mainly high-level short positions

• Short-term: 4-hour bullish recovery, small rebounds can be captured, take profits when appropriate

• Key Point: $64k is a dividing line between strength and weakness, watch for stabilization above $66k, a break below reverts to weakness

Trading (Short-term)

• Long Positions: Light positions at $62,200–$62,500, stop loss at $61,800, target $63,800

• Short Positions: Light positions at $63,800–$64,200, stop loss at $64,800, target $62,500

• Mid-term: Gradually short around $66k, stop loss at $67.5k, target $60k–$59k

5. Risk Reminder

• Insufficient rebound volume, beware of double bottoms

• Market correlation is strong, US stocks/USD volatility may trigger sharp moves

• Position size ≤20%, strict stop loss, do not hold against the trend