Early session fundamental analysis:

Federal Reserve's Waller speaks extremely hawkish: states they are willing to do whatever it takes to suppress inflation, which has not hit the 2% target for five years, prolonging the tightening cycle. Market pricing has significantly delayed rate cut expectations.

Risk assets are plunging across the board; currently, Bitcoin is also a risk asset and has not been spared.

Short-term 12-48 hour market forecast:
First resistance 65,000-65,050
Second resistance 65,600-66,000; unable to hold above 65,050, rebounds are all bearish corrections.
First support 63,900
Strong support 63,300-63,000
Extreme support 62,800
This negative news has not been fully digested in one go; in the short term, expect oscillation with a slight downward bias, with rebounds facing resistance. Trading range: 63,300-65,000.

Mid-term 3-15 days, downward.
Mid-term large range locked at 62,500-67,000. It is difficult to break through 67,270 before the Fed's rate cut expectations re-emerge.

However, if US inflation data drops significantly, and officials collectively signal rate cuts, a reversal could occur.

Trade idea: Prefer to short at resistance levels, go long at support levels. Maintain defensive posture.