1. The Realist Target: $62,500 – $63,000 (The Recovery)

​If the selling pressure takes a breather today, the immediate goal for the bulls is to push BTC back up to the $62,500 mark.
​Why: This was a heavy consolidation area over the weekend before today’s leg down. Reclaiming $62,500 and pushing toward $63,000 would signal that the intraday dip was just a "liquidity grab" (whales hunting for stop-losses) rather than a continuous downward spiral.

​2. The Worst-Case Floor: $59,500 (The Retest)
​If the market sees another wave of ETF outflows or institutional selling later today during US market hours, we will likely retest the daily low around $59,500.
​Why: Breaking below $60,000 is highly psychological. If the buy orders sitting right underneath $60,000 get chewed through again, it could spark a quick cascade down to $59,000 before buyers step in aggressively.

​What to Watch Today
​Keep an eye on the US market hours. Lately, the biggest drops have happened when the US stock market opens and the spot Bitcoin ETFs start trading, as investors have been actively pulling cash out of crypto to chase the massive AI stock rally.
​If it can hold above $61,000 through the afternoon, a quiet grind back up to $62,500 is the most likely path for the daily close.