Cryptocurrency analyst Sykodelic analyzed that BTC maintained a mid-to-long-term bullish structure by recording a weekly close above the key $74.4K level last week. According to The Crypto Basic, he explained that the recent drop near $74.1K was a retest process after breaking through the support line, and while there is still a possibility of further short-term adjustments this week, the upward trend could strengthen in June. In particular, if support near $74.4K is maintained, it could lead to short position liquidations and liquidity inflows, raising the possibility of BTC rising above $90K. Sykodelic assessed that BTC's macro bottom has already formed near $60K.
