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Currently, neither the bulls nor the bears have won. The bulls pushed from 63,700 to 65,800 in the early morning, with volume increasing and positions stacking up, looking like a strong rebound. But the problem is, 65,800 is stuck, not being broken through. The price is hovering around 65,700, and positions are still being added, but not much. This signal looks very awkward; it’s not that it’s going to fall, but with so many positions piled up at high levels, the market might sweep through once before giving a direction. The bears are not doing well either; they pushed down once in the early morning, but didn’t break below 63,700, instead being pulled back by the bulls with good news. Now, they’re just holding at high levels.

To clearly see the direction, we need to wait for the 65,800 line to show its stance. It’s not about rushing in when it surges, but about closing the line. Only after it stabilizes can it have the qualification to move toward 67,000; if it falls back below 65,400 and can’t recover, this rally will turn into a high-level pullback, not an upgrade. Support levels downward are at 64,700 and 63,700.

At 64,700, the short-term Fibonacci and daily Fibonacci levels collide, still a place where a breakout turns into support and resistance switching positions. If it holds today’s rebound structure, it’s still valid; once lost, the market will directly revert to weakness.

The news has provided some tailwinds; geopolitics, the dollar, and ETF funds are all somewhat positive, and emotional recovery has logic. But news only explains why it can rebound, not whether 65,800 can be broken. Currently, it’s just high-level turnover; whether this pile of positions becomes fuel or pressure is the real turning point for today’s market.

June 15, 2026, midday (reference points only valid for the day)

Market tone: strong rebound with high-level turnover, short-term focus on 65,800, defense at 64,700
BTC key level: 65,800
BTC daily bullish/bearish dividing line: 64,700
Resistance levels: 65,800, 67,000, 68,200
Support levels: 65,400, 64,700, 63,800
🚨Information sharing, not investment advice!🚨
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