Yang Guang bit | June 23 $BTC Precise Strategy Full Trend Control

Core Conclusion
BTC surged to around 65,616 yesterday before facing resistance and quickly falling back, with short-term oversold rebound momentum completely exhausted. The concentrated release of trapped and profit-taking sell orders above indicates a return to a sideways and weak pattern on the 4-hour chart. Macro liquidity suppression remains, and the market lacks incremental funds entering. This rebound is only driven by short covering and emotional recovery, not a trend reversal foundation. Today's operations focus on shorting at rebound highs, with light positions at lows to chase short-term longs, and a range-bound approach to respond.
Today’s Strategy
Entry Timing
First short position: Price rebounds to 64,600-64,900
Additional short: Rises to 65,200-65,500
Stop loss set above 65,800

Tiered Take Profit
First target: 63,800-64,000
Second target: 63,300-63,500
Market Logic Breakdown
1. News Sentiment
The hawkish stance of the Federal Reserve continues to ferment, further delaying market expectations of rate cuts this year. The US dollar index remains volatile at high levels, and global risk asset valuations are under overall pressure. Previously supportive geopolitical easing benefits have been fully priced in, with no new incremental catalysts to push the market higher. After the emotional peak, a pullback is an inevitable trend.
2. Capital Flow
US spot BTC ETF fund inflows remain weak, and institutions have not increased positions during the rebound. The current rise is entirely driven by short covering, with weak fundamentals for sustained growth due to a lack of incremental capital. The funding rate in the derivatives market has quickly fallen from high levels, open interest has decreased, and bullish chasing sentiment has cooled, gradually releasing selling pressure. $BTC ‌#我的Gate交易时刻