BTC short-term support is at $68,200-69,200, with short-term resistance at $70,000-71,000. The three major U.S. stock indexes all rose slightly. The U.S. spot Bitcoin ETF increased its holdings by 1805 BTC on June 10th, accounting for 5% of the global Bitcoin spot ETF holdings so far. Bitcoin mining output decreased by 40% month-on-month in May. It can be seen that the possibility of a deep decline in Bitcoin is relatively small, and there is still a large room for its future upgrade. BTC is mainly oscillating around $69,500 in the short term, maintaining a trend of two steps forward and one step back. The viewpoint remains unchanged: for BTC to continue to rise, it must firmly hold above $69,500. From the perspective of the moving average system, the 120-day moving average has reached $64,600, the 60-day moving average is at $65,680, and the 30-day moving average is at $68,200, making the medium-term moving average support stronger. However, the daily MACD has once again formed a death cross, leading to significant short-term oscillation. Therefore, it is advisable to patiently hold and wait for a clearer direction in trading.