1. Macro: The US May PPI will be announced at 8:30 PM tonight, and inflation data will directly impact expectations for rate cuts and risk appetite.

2. Capital flow diversion: Today, SpaceX is listed on Nasdaq ($75 billion), with significant capital outflows, suppressing BTC rebound.

3. ETF outflows: Since mid-May, a total of $4.4 billion has flowed out, indicating cautious institutional sentiment.

4. Geopolitics: The White House denies rumors of a ceasefire between the US and Iran, and risk aversion sentiment has eased.

Three, technical analysis (key levels)

• Resistance: 64,200–65,000 (short-term strong resistance), 67,000 (trend reversal signal).

• Support: 62,000 (intraday strong support), 60,000 (psychological + key support, below which to watch for 58,000).

• Indicators: 14-day RSI ≈ 33, approaching oversold, short-term rebound needed; overall still in a downward channel.

Four, market outlook

• Short-term (intraday): Volatile with a slight bullish bias, range 62,800–64,200, mainly observing PPI data.

• Mid-term (1–2 weeks): Weak consolidation, ETF outflows + capital diversion suppression, unlikely to strengthen before stabilizing above 65,000.

Five, trading suggestions

• Spot: Buy the dip in batches at 62,000–62,500, stop loss at 60,500; reduce positions above 64,500.

• Futures: Light position trading, long from 62,800 to 64,000 for take profit; short from 64,200 to 62,500 for take profit, with strict stop-loss.

• Key point: Tonight’s PPI data is a turning point; control positions before the data release to avoid full-position gambling. #我的Gate交易时刻