Bitcoin repeatedly broke below the 65,400 support level and the 65,000 threshold, and the long positions laid out have triggered stop-loss exits. The market breaking through is just breaking through; no need to find reasons, just exit first. The previous bullish range structure has been broken, short-term bearish momentum is releasing, and long positions have been promptly exited, just in time to avoid deeper losses from further decline.

As the Federal Reserve rate decision and chairman's speech approach in the early morning, the market preemptively sold off to hedge risks, capital fleeing, directly breaking through the support below, which is a sentiment-driven decline ahead of data releases. The market is highly volatile, and in terms of operation, it’s better to wait and see without rushing to reverse positions. Observe the support at 64,500 and then adjust accordingly based on the momentum.
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