June 16, Tuesday BTC Morning Outlook

Recently, geopolitical tensions have eased somewhat, and market selling sentiment has cooled, providing a short-term recovery opportunity. However, the Federal Reserve's upcoming policy meeting has led to widespread expectations that high interest rates will persist for a longer period. U.S. Treasury yields remain high, and the spot ETF has previously experienced prolonged outflows, coupled with large capital flows into the US stock AI sector. The market lacks incremental funds, and this rebound is only a correction from oversold conditions, not a trend reversal.
The price has now risen back to the 67,000 level, breaking above multiple moving averages in the short term. The original resistance level has turned into short-term support, and the market structure has slightly improved. However, the four-hour indicator has entered overbought territory, indicating potential short-term pullback pressure. The key resistance above is around 71,132; only if it holds above this level can the rebound continue. Short-term support is at 65,300; holding this level maintains a sideways-strong pattern. If broken, the market will weaken again, with the next critical support at the previous low of 61,000.
Trading suggestion: Watch for a rebound between 660-655, target 675, and if not broken, $BTC reverse position.