📉 Bitcoin Loses $62K As The Relief Rally Runs Out Of Gas

The bounce just hit a wall. After a six-day win streak, the longest since March, Bitcoin has rolled over and lost $62K, trading around $62,050, down 2% on the day. The recovery ran straight into the resistance we've been flagging and got rejected.
📉 Where it stands:
Price: ~$62,050 (down 2%)
Failed at: the descending trendline and $64K
Now testing: the $62K to $58K demand zone below
Fear and Greed: 24, still extreme fear
On the 4h, the Wyckoff read played out, buying climax, secondary test, then rejection. Price printed a bearish divergence into the highs, momentum fading while price nudged up, and now it's giving back the gains. This was the third breakdown-and-recovery of 2026, and once again the trendline capped it. Losing $62K puts the recent low near $58K back in focus if buyers don't step up here.
The honest tension: the rally had real fuel, ETF flows turned positive again and whales accumulated into the panic. But US demand stays weak, the Coinbase premium has been negative for 50 straight days, a sign American buyers aren't chasing, and fresh oil risk from another Strait of Hormuz attack revived the macro overhang. The bounce needed follow-through buyers, and they thinned out.What to watch:
Hold $60,700 and reclaim $64K, and this is just a pullback inside the recovery.
Lose $60K on a clean close, and $58,200 then $55K come back into play.
A rejection at known resistance is the level doing its job, not a surprise. No chasing the drop, no catching the knife with leverage. Let $60K hold or break, then act. The July 14 inflation print is the next real test.
Pullback before another push, or the trendline winning again toward $58K?
Not financial advice. $BTC
#GUSDYieldRisesto3.8%