🚨 $BTC Holding ~$60,800 – Still Under Pressure 🚨

Current Price: ~$60,800 - $61,500

24H Change: ~+1% (holding above recent lows)

Weekly Change: ~-14% 📉

Source:

🤔 What's Happening Now?

**1. Holding Above $60K Support 📊**

BTC briefly touched ~$59,100 on June 6 but rebounded to current levels. The $60K zone is now the key line in the sand for bulls. RSI remains in oversold territory on daily and 4-hour timeframes, suggesting bearish momentum may be weakening .

2. ETF Outflows Continue 🏦

Spot Bitcoin ETFs have now recorded 14 consecutive sessions of outflows, with cumulative negative flows approaching $5 billion. BlackRock's IBIT alone saw over $3.3 billion in outflows. Even after a brief $33M inflow on June 6, BlackRock moved another **$213M out** shortly after .

3. Capital Rotating to AI 🤖

VanEck's Matthew Sigel says the current weakness is capital rotating toward AI, not a structural break. He sees Q4 2026 as the key window to be fully positioned in Bitcoin. Meanwhile, Michael Saylor claims BTC already bottomed at $60K and expects a rally .

4. Sovereign Buying Despite Retail Exit 🏛️

Sigel noted two central banks and several sovereign wealth funds are actively buying Bitcoin even as retail exits. This suggests long-term accumulation at lower levels .

5. Liquidation Event 💀

Over **$1.3 billion** was liquidated in 24 hours during the drop, including $1B+ in long positions, which helped flush out excess leverage .

📊 Key Levels to Watch

Support Resistance

$60,000 (critical) $67,500 (first resistance)

$55,000 $74,000-75,000

$48,000-50,000 (analyst bottom target) $82,800+

Source:

🐋 Mixed Signals

Bearish:

· Bhutan-linked wallets moved 1,095+ BTC ($67M+) on June 7, adding supply pressure

· ETFs outflows = institutions still cautious

· South Korea showing reverse kimchi premium (-1.68%), meaning local demand is weak

Bullish:

· RSI oversold on multiple timeframes – bounce potential

· Sovereign wealth funds and central banks accumulating

· $60K buy wall spotted on Binance

📝 My Take

Bitcoin is at a pivotal moment. $60K must hold. If it breaks, $55K and potentially $48-50K become targets. However, oversold conditions and institutional bottom-fishing could spark a relief rally.

Sigel says Q4 is the time to be fully positioned. Saylor says the bottom is already in. Two different timelines – both bullish long-term.

Watch $60K closely. Don't chase, but be ready. 🛡️

#BTC走势分析 #bitcoin #Binance #Crypto

NFA – DYOR