🤯 Bitcoin surged to 65,500 then immediately plummeted below 62,000—who wrote this script🤔?

Yesterday, multiple positive signals came together—U.S.-Iran negotiations thawed, ETF outflows ended after five weeks, institutions continued accumulating coins.

Bitcoin$BTC ‌ once strongly broke through 65,500, bulls just about to pop champagne.

But what happened?

Good news turned into bad news once it materialized, soaring high then crashing down, briefly falling below 62,000 in the afternoon,

📉 in the evening, Nasdaq opened down 2.3%, S&P down 1.6%, Dow down 0.66%. Tech stocks collapsed across the board—Micron fell 11.8%, SanDisk dropped 11.3%, Intel and AMD fell over 7%. The VIX fear index surged 23%.

Bitcoin and Nasdaq are highly correlated; tech stocks got hammered, and crypto was dragged down with them. The whole day saw declining volume, with off-market funds on the sidelines, only intra-market liquidity battling each other.

⚠️ Ethereum$ETH ‌ dropped over 6% in 24 hours, ETH/BTC exchange rate fell to 0.027, the lowest in nearly two years. Funds are all fleeing to Bitcoin for safety, ETH lacks strong independent upward momentum.

🚀 The most surreal part is SpaceX ($SPCX ‌). Just completed humanity’s largest IPO, announced debt financing, then the stock price plummeted 16%, market cap fell below $2 trillion. Four consecutive trading days of decline, now below the $150 IPO opening price. From the IPO high point, nearly 30% has been wiped out.

Currently, Bitcoin is barely holding at the 62,000–62,300 range, but MACD remains below zero, all moving averages are in a bearish alignment. Whether it can hold depends entirely on tonight’s US stock market close.

📌 Remember: when positive news piles up, be extra cautious—sometimes the market just doesn’t make sense.

💬 Comment below: Have you learned your lesson from this round of market action today?