Pal BTC Daily Market Report — 6.12 Chart 1: Daily Chart 1) Still in consolidation. You can see a converging triangle forming here. Watch out for potential liquidity grabs on the upside. With the added factor of US-Iran peace talks → risk appetite recovery → BTC might follow the US stock market rebound. So, keep a close eye on whether an agreement will be signed over the weekend. 2) ETF Data Net outflow on 6/9: -$77.44M (a sharp slowdown compared to the -$1.72B outflow during the week of 6/6). Fear & Greed Index at 16, sitting in the historically extreme fear zone. ▶️ ETF outflow slowing + extreme fear → could signal a potential mid-term bottom. Key observation: If next week sees a single-day ETF net inflow exceeding $200M → it could indicate institutional re-entry → watch for long opportunities. Otherwise, if the war continues + ETF outflows persist, be cautious of a downward move after liquidity grabs. But overall, it’s still in consolidation. Chart 2: Hourly Chart 1) Watch the range 61150–64420. We can see a liquidity grab at range-L, and now range-L at 64420 is waiting for a grab. Meanwhile, we see the upper idm also waiting for a grab. So, in the short term, the bias is definitely bullish. 2) Let’s see if there’s a chance to go long near the H1 bullish OB around 627. Initial target is 65, with a larger target at 665.