分析师：比特币反弹暂未改变熊市格局，重返8万美元上方才算趋势反转

Odaily Planet Daily News: Despite a rebound after Bitcoin fell below $60,000, multiple market analysts believe this is more likely a technical correction after overselling, rather than the start of a new bull run.

An analyst from HEX Trust stated that the market has entered an oversold state. If US inflation data cools and the outflow of funds from spot Bitcoin ETFs slows down, Bitcoin may see further rebounds. However, a true trend reversal depends on whether the market can firmly re-stand within the $79,000 to $80,000 range. Until then, any upward movement should be seen as a corrective rally within a bear market.

Alex Kuptsikevich, Chief Analyst at FxPro, was relatively more optimistic, believing that if Bitcoin can rebound to around $68,000, it could be considered a valid recovery from the downtrend between May 11 and June 5.

Data shows that the cumulative net outflow from the 11 spot Bitcoin ETFs in the US over the past four weeks has exceeded $5 billion. On Monday alone, there was another outflow of $91 million. Analysts point out that ETF fund flows remain one of the key factors determining Bitcoin's subsequent trajectory.

Additionally, the market is closely watching the US inflation data set to be released on Wednesday. If the inflation rate comes in lower than expected, it could help alleviate market concerns over further interest rate hikes by the Federal Reserve, thereby providing support for risk assets like Bitcoin. The market currently expects the US inflation rate for May to remain above 4%, significantly higher than the Fed's long-term target of 2%. (CoinDesk)