On June 25, 2026, from 18:15 to 18:30 UTC, BTC rebounded counter-trend +0.53% in 15 minutes, with the price recovering from 59396.4 USDT to 59746.5 USDT, an amplitude of 0.59%. Earlier that day, BTC had fallen about 2.94%, breaking below $60,800. This short-term rebound, contrary to the overall downtrend, reflects a technical repair demand near the key support area.
The main driver of this unusual move is the rebound demand triggered by the technical structure. BTC price has broken below the SMA 50 and is testing the SMA 200 dynamic support area ($59,000-$60,000), with the RSI indicator approaching the oversold zone, triggering a technical bounce. As the price approaches key support, selling pressure naturally weakens, some short sellers take profits, and buyers enter for bargain hunting, leading to short-term price repair.
Second, overall market sentiment remains weak, amplifying intraday volatility. On that day, the crypto market fell broadly, with ETH down 2.89%, XRP down 2.92%, and the US Dollar Index DXY hitting 101.512, a new high since May 2025, putting pressure on risk assets. The stablecoin dominance rose to 12.38%, reflecting capital waiting on the sidelines, but during the short-term rebound period, some stablecoin funds shifted into BTC. Multiple factors resonated near the support level, pushing the price up in a short-term move deviating from fundamentals.
Currently, BTC still faces macro downside risks. Attention should be paid to whether the key support at $59,000 is lost, changes in ETF fund flows, and whether DXY can break above 103. The sustainability of the technical rebound is questionable, and short-term volatility risk remains. It is advised to monitor subsequent capital flows and technical signals.