Wednesday, June 24th BTC Morning Outlook

Bitcoin continues its overall weak downward trend today, with the market sentiment fully dominated by bears.
Overnight, U.S. stocks plummeted across the board, and the tech growth sector collapsed collectively, leading to a significant cooling of global risk appetite.
Funds are rapidly withdrawing from high-risk assets, coupled with a stronger-than-expected PCE inflation data released overnight, further reinforcing expectations of the Federal Reserve maintaining high interest rates.
U.S. Treasury yields remain high, directly suppressing Bitcoin’s rebound potential.
The current market is entirely in a state of capital flight, with ETF outflows continuing and off-exchange buying momentum drying up.
All minor rebounds are merely emotional repairs, with no signs of reversal strength.
On the technical side, the daily chart remains in a standard bearish alignment, with prices under pressure from all short-term moving averages.
The four-hour Bollinger Bands are opening downward, with increased downward volume and diminishing rebounds, indicating very weak bullish support.
Key short-term support is around 61,800; once broken, it will accelerate the decline toward the 60,000 level.
Resistance levels above are layered, with the 63,000 and 64,500 zones shifting from support to strong resistance.
Any upward surge with low volume will inevitably face pressure and fall back.
Overall, today’s market is characterized by weak oscillation, feeble rebounds, and more downside.
In trading, firmly follow the trend, avoid bottom fishing, and when rebounds face resistance and stall, look for a correction.
Market volatility is intense, so keep positions light with controlled losses and maintain a steady rhythm.
Operational suggestion: Watch for a rebound to 62,800–63,200, target 61,800, and if broken, look $BTC toward 60,500.