⭐ BTC Today's Market Update

Bitcoin is currently forming short-term support around 63,500 on the daily chart, with key resistance above at around 64,200.
Last night, the price spiked upward, sweeping some stop-losses and liquidity above 64,200, but did not establish a solid footing, then was pressured downward, closing near 63,500.
This indicates there is still room for short-term recovery, but the overall structure should still be viewed as a rebound correction, and a reversal cannot yet be confirmed.
From the news perspective, ETF outflows appear to be panic-driven on the surface, but it seems more like funds are restructuring their positions.
BlackRock's products are flowing out while they are also deploying Bitcoin-related yield products, suggesting institutional sentiment toward BTC is more cautious: not expecting deep declines, but also not expecting a rapid surge.
On the 4-hour chart, the lows are gradually rising, and the upward trend line has not been broken.
The most critical level now remains at 64,200.
Only if it is firmly held can the short-term be considered as confirmed on the right side, opening the chance to continue toward 65,500—66,000.
Resistance above: 64,200—64,800 breakout then look at: 65,500
Support below: 63,500—62,800 Key support: 61,500
Today’s outlook:
Overall leaning bullish, but avoid chasing highs.
If the pullback support holds, consider buying on dips;
Before firmly breaking 64,200, do not blindly expect a reversal.
Market sentiment is extremely fearful, which is a contrarian signal for short-term trading, but stablecoin funds are still flowing out, and geopolitical risks involving the US and Iran have not been fully resolved.
So today, a bullish bias is acceptable, but position size must be controlled. #我的Gate交易时刻