6.29 BTC: 60k mark lost! Don't blindly bottom-fish and catch a falling knife



$BTC
Entry: Short near 600-605, stop loss at 608, target 580-570

At the macro level, the Fed's hawkish stance continues, rate cut expectations are continuously postponed, the US Dollar Index and US Treasury yields remain high, risk assets are under pressure overall, and the crypto market bears the brunt

Fundamentally, there is no support force. US Bitcoin spot ETFs have seen net outflows for consecutive weeks, with cumulative outflows in June approaching $3 billion. No new funds are entering, each rebound lacks buying support, and when it can't rise, it naturally goes down

The AI sector continues to divert risk capital. Funds originally allocated to crypto assets are shifting to the tech sector, institutional demand weakens, and market absorption capacity continues to decline#BTC下探60000美元关键关口
BTC0.20%
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