BTC 15-minute short-term rally up 0.50%: Technical support sparks a rebound as shorts covering converge

From 09:45 to 10:00 (UTC) on June 3, 2026, BTC rose +0.50% within 15 minutes, trading in a range of 66,655.5 - 67,320.0 USDT, with a 1.00% amplitude. Price remains within the $72,000-$74,000 key range, with the market focused on the direction of macro policy and ETF capital flows.

The main drivers behind this move are a technical rebound combined with short liquidation. Buy support near the key support level of $72,000 triggered a short-term technical uptick; at the same time, some short positions were closed as price approached the support level, accelerating the rebound.

In addition, ample order book depth magnified the volatility effect. BTC reached $61.41 million in depth across 200 basis points, up +1.1% versus the 7-day average; with strong liquidity, even relatively small-scale buy orders can push the price into notable percentage moves. Although ETF flows show wave-like behavior, the cumulative net inflow of about $5.872 billion still provides bottom support.

Next, watch whether $73,869 (the 0.236 Fibonacci retracement level) can be reclaimed; if it fails, price may retest the $70,342 support level. The continued decline in the number of “giant whales” and a reduction in net positions by long-term holders suggest sell pressure has not been fully released. It is recommended to monitor on-chain fund flows and changes in ETF net inflows, and to be cautious of short-term volatility risks.