Following the release of U.S. core inflation data on June 11, Bitcoin's decline moderated. Analysis indicates that market focus has shifted to the data not significantly exceeding feared levels, which has provided digital assets with some near-term recovery room.

From a capital flow perspective, when macroeconomic data aligns closely with expectations, traders often become more willing to reassess their previous defensive positions. This is particularly true when prices have already experienced a prior pullback, making the rebound appear more as a sentiment recovery rather than a definitive trend reversal.

If forthcoming interest rate expectations remain cautious, Bitcoin's upward resistance is likely to persist. However, should risk appetite stabilize, the market could potentially form a base around current levels through repeated testing.

Overall, subsequent volatility is expected to continue revolving around macroeconomic data and yields. For Bitcoin to extend its rebound, a key condition would be for capital flows to stop consistently retreating in the face of inflation pressures.