6.19 Friday BTC Morning Outlook

Today BTC continues its weakness, with the price fluctuating around $62,500, down approximately 2%-5% over 24 hours, retracing about 7.5% from the early-week high.
Main reason for the decline: On the macro level, the Federal Reserve signals a hawkish stance, boosting the dollar and suppressing risk assets; on the micro level, the implementation of the Iran-U.S. peace agreement triggered a "sell the news" sell-off, with profit-taking from earlier gains fleeing en masse. Meanwhile, BTC's correlation with the US stock market has significantly decoupled, with clear signs of capital withdrawal.
Technical analysis: The 1-hour RSI is at 32.5, the 4-hour MACD shows increasing bearish momentum, and the lower Bollinger Band has been broken. Over the past 4 hours, the entire network experienced over $200 million in liquidations, with sell orders overwhelming buy orders, and bears holding a dominant position.
Market focus: Resistance above at $64,000-$65,000, recovery to this level does not yet indicate a reversal to strength; support levels are at $62,000 and $60,400. The current fear index is at 19 (extreme fear), suggesting a potential short-term turning point, but until macro pressure eases, it is advised to control positions and wait patiently.
Trading suggestion: Buy on dips at $632-$637, target $620, and if broken, $BTC look for $610.