---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000776000.md"
description: "$BTC/USD(BTCUSD.HAS)🏆[Weekly] Bitcoin Reclaims $62K: Technical Rebound or Bear Trap?🤔Bitcoin has staged a sudden turnaround, bouncing back to $62,936 after testing a local low near $58,000. A shift in macroeconomic data has injected short-term relief, sparking a critical duel between exhausted shorts and macro bears.  🔷Technical Snapshots🟢 The 4-hour chart showcases a sharp bullish reversal. Bitcoin has successfully broken above its middle Bollinger Band at $62,134, pushing toward the upper band at $63,698. The 4H RSI has heated up to a bullish 65.48, proving strong short-term buyer conviction.🟢Daily chart: The long-term outlook remains cautious but improving. BTC is currently pinned exactly at its daily middle band resistance of $62,936. Reclaiming this level is critical. Encouragingly, the daily RSI has bounced from deeply oversold levels up to 37.82, indicating that the intense selling pressure from June is fading.  🔷Fundamentals Snapshots   🟢Dovish Fed & Soft NFP: The primary catalyst for this rally is a weaker-than-expected U.S. Non-Farm Payrolls (NFP) report, coupled with dovish commentary from Fed Chair Kevin Warsh hinting that inflation risks are easing. This has curbed interest rate hike anxieties.   🟢ETF Outflows vs. Short Squeezes: Although June saw a record $4.5 billion exit spot ETFs, the current price pump was heavily accelerated by a massive wave of forced liquidations from over-leveraged short positions.  🔷The VerdictsThe bulls have won the first battle by holding the $60,569 4H lower band support. The structural macro trend have not flip bullish until BTC can cleanly break and close above the daily upper band at $65,861. Expect intense consolidation in this zone.Trade with caution. Set Target profit and stock loss.Not financial advice. Do your own DD.😉"
datetime: "2026-07-05T08:27:17.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000776000.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000776000.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000776000.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# $BTC/USD(BTCUSD.HAS)🏆[Weekly] Bitcoin Reclaims $62…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**