6.23 Tuesday BTC Evening Outlook

Bitcoin overall remains in a low-level oscillation and correction phase in the evening, with short-term sentiment slightly warming, but the overall trend remains a rebound from oversold conditions, not a trend reversal.
The overnight strength in the US stock market has boosted market risk appetite, and the short positions accumulated at low levels have the potential for a short squeeze and rebound.
Combined with continuous bottoming and weakening downward momentum in the market, the evening session has the conditions for a rebound and rally; the key tonight depends on the US PCE inflation data.
If the data is weak, it will further boost expectations for a rate cut, supporting a continued rebound in the market. If the data is strong, it will again suppress prices and cause a decline.

However, the long-term bearish logic remains unchanged: the high-interest-rate environment maintained by the Federal Reserve continues to suppress the market, ETF fund outflows persist, and external incremental funds are scarce.
This rebound is mainly driven by existing capital battles, with a clear upper limit on the upside potential.

On the technical side, the core support tonight is locked at 62,100–62,300.
Holding this range keeps the bullish correction structure intact; short-term resistance is at 64,500–64,700, with strong resistance at 65,200–66,000.
Without volume, rapid rises are likely to face resistance and pull back.
If the bottom support is effectively broken, the market will restart a weak downward trend, testing the key 60,000 level again.

Trading suggestion: Watch for a buy zone at 620–625, with a target of 635; if broken, $BTC look for 643.