TechFlow News: On June 10, Bybit’s latest options weekly report stated that all directional forecasts for the past four weeks were fully realized this week: BTC hit a low of $59,130—surpassing the prior target range of $65,000–$67,000. Last week opened at $73,760 and plunged to $59,130—the largest single-week decline since the FTX collapse (approximately −20%). BTC has since rebounded to $63,000. Three major bearish catalysts have converged recently: (1) stronger-than-expected U.S. nonfarm payrolls reigniting rate-hike expectations; (2) SpaceX’s IPO siphoning liquidity from crypto markets; and (3) Strategy selling BTC for the first time in four years. Spot Bitcoin ETFs recorded a record weekly net outflow of $1.7 billion. ETH’s daily RSI fell to a historic low of 12.78, while BTC’s daily RSI dropped to 15.45—raising the probability of a technical rebound, though a trend reversal remains unconfirmed. DVOL surged from its historical low of 35 to 55 before retreating to 48; bearish options positions have already been profitably closed. Currently, chasing long positions is not advised. BTC faces significant resistance between $63,000 and $65,000. Entry should await either the June 10 CPI release or a DVOL decline to 40—or, alternatively, a confirmed BTC close above $65,000.
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