· Latest quote: around $60,200 - $60,400 range, briefly broke above $60,267 in early Asian markets such as Japan and South Korea, daily gain of about 0.7%-2.24%.

· Reason for rebound: mainly boosted by the US-Iran ceasefire agreement and easing of geopolitical risks. However, although US stocks rose, the crypto market's follow-through was limited.

🎯 Key battleground (Technical analysis)

· Current battlefield: $60,000 - $61,000. This was previously a key support level, but now it has turned into a "high-pressure zone," with multiple attempts to break higher failing to hold.
· Downside defense: Breaking below $59,200** may trigger a decline, with the first line of defense at **$58,035. If lost, it could slide toward $55,500.
· Upside potential: Only a strong breakout above the $62,600-$63,700 area can truly restore market confidence.

📉 Market sentiment and capital flow (Cautious)

· Capital outflow: In June, spot Bitcoin ETFs saw net outflows of about $4 billion. The absence of institutional buying is one of the biggest pressures currently.
· Macro headwind: The probability of a rate hike in December is now as high as 80%. A high-interest-rate environment is very unfriendly to zero-yield Bitcoin.
$BTC ‌