The intraday high for BTC is 63209, and the low is 59060, forming a wide-ranging consolidation box. During the early session, prices surged to touch the upper box, followed by a concentrated sell-off from bears, driving prices all the way down to test 59060. The short-term rebound only saw a minor recovery, failing to reclaim previous losses, indicating extremely weak rebound momentum. The middle Bollinger Band at 60840 continues to act as sustained resistance. The current price of 60750 has been trading below the middle band for an extended period. The upper Bollinger Band continues to decline, the medium-term downtrend remains unchanged. Near-term resistance is at 60840, the first support is the lower Bollinger Band at 60627, and strong support is at 59060. Capital continues to flow out heavily, market selling pressure has not dissipated. Volume significantly increased during the decline phase, while it continued to shrink during the recovery phase. Buying funds remain on the sidelines, lacking sustained upward momentum. ​ Going forward, the weakness is likely to persist, with prices continuously pressured below 60840, and will test the lower Bollinger Band at 60627. After breaking that level, prices will return to the 59060 low. For a reversal to occur, volume must expand to hold the 60840 middle band, only then can the rebound space open up. Under current volume conditions, this is difficult to achieve. The overall market is bearish-dominant, and most low-volume rebounds are traps to lure longs. In operation, following the trend is the priority.

$BTC Someone said: “Why does everyone seem to have a gain—am I the only one who’s missing it, aren’t I?” Taozhi is here to tell you: gains don’t come out of thin air—precision in entry points is what matters. Yesterday, the resistance level at 630 kept holding steady; if it couldn’t move up, then it had to move down. The target kept changing: 618 → 608 → 590. Step by step, one step at a time, never holding long positions—small accumulations turn into big gains!

$BTC ‌ Institutional funds are continuously fleeing, with BTC and ETH ETFs seeing a net outflow of $196 million over four days. Funds are steadily pulling out of U.S. spot crypto ETFs, totaling a net outflow of $196 million in just four days. On June 23 alone, BTC ETFs saw an outflow of $114 million, and ETH ETFs experienced an outflow of $82.35 million, with the leading product IBIT being redeemed for 2,923 BTC in a single day. The pace of accumulation by the big players has slowed down, and institutions are collectively hitting the sell button, weakening market confidence. Analysts warn that if the trend of capital outflow continues through the summer, there could be further downside risk in the market. $ETH ‌#Get2SharesOfSKHynixAtZeroCost