😰 Wake up to find that Bitcoin has dropped below 64,000 again.

Last night before bed, it was at 64,500; upon waking, it’s directly at 63,800. Those who understand, understand this feeling.

Take a look at the market: BTC daily chart shows several small bearish candles in a row, with EMA5 and EMA10 already forming a death cross and exerting downward pressure.

In the short term, if it cannot recover above 64,200, the bearish trend will be hard to reverse.

The short-term support is at 63,400; further down is the 62,500 range.

$BTC ‌Weaker, fluctuating around 1,719 all night. Bollinger Bands are narrowing, MACD is below the zero line and converging, a typical “night before a trend reversal.” If it can’t break above 1,760, it’s pointless; once 1,680 is lost, it could drop to 1,600.

$ETH ‌Relatively resilient, sideways around 73. But 600k SOL just flowed into exchanges, and selling pressure hasn’t fully absorbed yet. 76 is a strong resistance; if it can’t hold steady, don’t even talk about a reversal.

💥 What really matters is the macro outlook.

Trump just announced: if US-Iran talks fail, the US will become the “guardian” of the Strait of Hormuz, earning 20% of Middle Eastern oil revenue. The scheduled US-Iran peace talks have been postponed again.

As oil prices rise, inflation expectations increase, making it harder for the Fed to loosen monetary policy. Not good news for risk assets.

In the past 24 hours, over $60k in liquidation across the entire network. Both longs and shorts are bleeding; in this market, whoever can’t hold on first will be eliminated.

📌 Remember: geopolitical tensions + macro tightening + technical weakness—under triple pressure, position management is more important than predicting the direction.

🤔 What do you think? Will BTC recover to 65,000 this week, or drop to 62,000? Share your thoughts in the comments.