Following a recent correction, Bitcoin (BTC/USD) is trading sideways to slightly lower today within the $61,800–$62,300 range. Tensions between the US and Iran, along with selling pressure on technology stocks, have also weighed on the cryptocurrency market in the short term.

Daily technical outlook and critical levels:
Support Levels: The $62,500–$62,700 range was the most critical zone in the short term; slipping below this level has intensified immediate selling pressure. Key support areas to the downside include the $61,300 level, followed by the psychological threshold of $60,000.
Resistance Levels: To regain upward momentum, the price must first establish a foothold above $62,500. If this occurs, the $63,500 and $64,600 resistance levels will become the next targets.
In the short term, the strength of buyers within the $61,300–$62,000 band will determine the direction of the daily close.