$BTC 6.25 Crypto Daily Quick Review

Risk Warning: Cryptocurrency prices are highly volatile. This content is for market information only and does not constitute investment advice. High leverage in futures contracts carries extreme risk. Trade cautiously.

Market Overview
BTC is currently around 60,800, down nearly 3% in 24 hours. It hit an intraday low of 59,023, the lowest since October 2024, briefly broke below 60k, and then staged a minor weak rebound with insufficient volume, indicating technical repair in a downtrend.
ETH weakens in sync, around 1,635, down over 3.2%, performing weaker than BTC. The market Fear and Greed Index is at 17, in deep extreme fear. Altcoins are broadly declining, with capital only huddling in mainstream assets for safety.
In the past 24 hours, long liquidations across the entire network reached nearly $800 million. Spot ETFs continue to see net outflows, and institutional funds keep reducing positions.
Core Reasons for the Decline
Heightened expectations of a hawkish Fed, rising rate hike expectations within the year, and a strong USD continue to pressure risk assets. BTC remains under pressure in tandem with US stocks.
The window for US crypto regulatory legislation is shortening, leading to an early cooling of positive expectations, with capital fleeing to safety.
Insufficient new capital inflows into the market, funds diverted to the AI sector in US stocks, and weakness in MSTR reducing long-term buying support.
Key Price Levels
BTC
Resistance: 61,200-61,500; bearish structure remains until a volume-backed breakout above this zone.
Support: 60,000 is a short-term level, strong support at 59,000; if broken, look at 57,500 range.
ETH
Resistance: 1,640-1,670; support 1,600 as a lifeline, ultimate support below at 1,500.
Outlook
70% probability of continued weakness, with a likely second test of 59,000 during European and US trading. Only 30% chance of a oversold rebound, which would not change the medium-term downtrend.
Trading Reference:
Futures: Short on bounces below 61,500, strictly control leverage, avoid chasing ups and downs.
Spot: Stay on the sidelines, do not heavily buy the dip on the left side, wait for stabilization and volume expansion before gradually entering.
Altcoins: Avoid entirely at this stage; they have large declines and poor rebound elasticity.
Key Focus Today
US tech stocks, US bond yields, evening options expiration wick movements. For futures, be sure to reduce position size!