6.25 Evening Bitcoin Market View

The evening core PCE inflation data has officially landed. The May core PCE annual rate is 3.4%, fully in line with market expectations and slightly higher than the previous value. Inflation did not deteriorate beyond expectations, and rate hike fears have temporarily subsided. The market experienced a short-term pulse rebound, with Bitcoin surging simultaneously and Ethereum rising sharply within a minute.

However, this rebound is merely a short-term emotional recovery after the bearish news materialized, by no means a reversal of the bearish trend. The current market has not released any clear signal of rate cuts, and the potential risk of a rate hike in September still exists. Combined with multiple medium- to long-term bearish pressures—such as the Mt. Gox 140k BTC repayment sell-off, end-of-month capital repatriation, continued weakness in Japanese and Korean stock markets, and tariff disruptions with China—the bearish logic at the macro level remains unchanged. This rebound is only a breather during the downtrend.

On the 5-minute chart, the upward momentum quickly fades after the short-term surge. The 61800-62300 range above forms a strong resistance zone, with a high concentration of earlier trapped positions, limiting the rebound space. The larger timeframe bearish structure remains intact.

In terms of operation:

When the rebound reaches the 61800-62300 range, open a light short position, leaving room for additional positions on a band basis. The short-term first target is the previous low of 61000. If broken, sequentially look towards the 60,000 mark → 55,000 medium-term target. In extreme scenarios, the target is 40,000. Do not blindly bottom-fish due to short-term pulses. Follow the trend with high shorts as the main strategy, maintain light positions throughout, and strictly control risk. #BTC下探60000美元关键关口 #0成本拿2股SK海力士 $BTC