June 12th, 9:00-23:00 Market Analysis Summary

Today, Bitcoin and Altcoins generally moved in a wide-range oscillation pattern of "rising sharply then pulling back." Bitcoin briefly dipped to around 62,800 during the day before gradually stabilizing and rebounding. In the evening, driven by capital inflows, it surged to around 64,362, hitting the intraday high, but then faced obvious selling pressure, quickly falling back to around 63,600. Altcoins moved in sync, reaching above 1,690 at the peak, then following Bitcoin in a sharp decline, ultimately settling around 1,660. From a price structure perspective, the market remains in a high-level consolidation zone, with clear increased divergence between bulls and bears.

In terms of capital flow, during the evening rally, trading volume significantly increased, indicating active chasing of gains by buyers. However, profit-taking at high levels persisted, leading to a lack of sustained upward momentum. On-chain funds remained in a net inflow state, but the inflow rate slowed compared to previous days. Leverage long positions remain relatively high, suggesting a market need to further liquidate high-leverage positions.

Technically, Bitcoin faces strong short-term resistance in the 64,300-64,500 range, with 62,800 serving as an important support level. Altcoins are under obvious pressure in the 1,690-1,700 range, with around 1,650 becoming a key short-term support. The MACD is losing momentum at high levels, with signs of a dead cross on the KDJ gradually appearing. RSI has started to decline from high levels, indicating weakening short-term momentum.

On the news front, the market continues to debate around the Fed's rate cut expectations, inflation data, and ETF capital flows. Regarding international affairs, Middle East geopolitical risks have not fully dissipated, and market risk aversion sentiment has temporarily increased. Overall, today’s market is characterized by profit-taking after a sharp rise, likely entering a high-level consolidation phase in the short term, awaiting new directional signals. #SpaceX认购规模超2500亿美元 $BTC $ETH