· Latest quote: Approximately $60,200 - $60,400 range. In early Asian trading such as Japan and South Korea, it briefly broke above $60,267, with a daily gain of about 0.7%-2.24%.

· Reason for the rebound: Mainly driven by the US-Iran agreement to cease hostilities and the easing of geopolitical risks. However, even though US stocks rose, the crypto market’s follow-through was limited.

🎯 Key Battle Levels (Technical)

· Current battlefield: $60,000 - $61,000. This was the previous key support level, but it has now flipped into a “high-pressure zone,” and multiple surges have failed to hold.
· Defense below: A break below $59,200** could trigger downside movement. The first line of defense is **$58,035**; if it’s lost, it could slip toward $55,500.
· Upside room: Only a strong breakout above the $62,600-$63,700 area could truly restore market confidence.

📉 Market Sentiment and Fund Flows (Cautious)

· Capital outflow: In June, spot Bitcoin ETFs saw net outflows of about $4 billion. The absence of institutional buy-side demand is one of the biggest current pressures.
· Macro downside risk: The market is pricing in an 80% probability of a rate hike in December. A high interest-rate environment is very unfriendly to Bitcoin with no yield.
$BTC ‌