If you can’t hold onto 64,000, then short term it may still take some time to grind on; the price action of gold and Bitcoin has diverged too clearly—defensive assets have completely outperformed.

CryptoQuant analyst Axel Adler Jr. stated that the Federal Reserve maintained interest rates at 3.50%–3.75% for the fourth consecutive time, but the dot plot tilted hawkish, weakening support for risk assets. BTC surged to about $66.4k immediately after the rate decision, then retreated about 4%, falling below $64k and oscillating at low levels, with increased trading volume indicating significant selling pressure. In contrast, gold, which briefly dropped to around $4,220, was quickly bought back and regained above $4,300. Adler believes this divergence shows that funds are favoring defensive assets; BTC is still viewed as a pure risk asset. If it cannot re-establish above the $64k to $65k range, the market may continue to remain cautious and risk-averse.