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BTC plunges 0.55% in 1 hour: the escalation of the U.S.-Iran conflict and a stronger U.S. dollar trigger short-term selling pressure
On July 13, 2026, 03:00-04:00 (UTC), BTC fell 0.55% within the hour, with a trading range of 62,890.9 - 63,379.1 USDT and a 0.77% amplitude. As geopolitical tensions sharply escalated and market risk appetite plummeted, BTC failed to display a safe-haven attribute and moved lower in tandem with global risk assets.
The main driving force behind this move was the full escalation of the military conflict between the US and Iran. From July 12-13, 2026, the US military launched a new round of strikes against Iran. Iran immediately fired missiles and drones at Gulf states including Qatar, the UAE, and Kuwait. The deterioration of the Middle East situation drove oil price volatility and heightened inflation expectations. Federal funds futures showed the probability of two or more rate hikes by year-end rose to 52.1%, while the US dollar index strengthened. As a result, BTC denominated in USD faced exchange-rate pressure.
Meanwhile, market confidence was hit further. Eric Trump-linked bitcoin mining company American Bitcoin Corp. disclosed losses of more than $600 million, weighing on near-term market sentiment. Order book data showed the buy-sell depth ratio was only 0.24, with sell-side liquidity significantly dominant. At $63,014.6, there was a large sell order of 0.2995 BTC, accounting for 79.8% of the total volume in the top 5 bids/asks, creating clear near-term selling pressure. A convergence of the stronger dollar, geopolitical risk, and sell pressure from microstructure amplified short-term volatility.
Going forward, key support to watch is the $63,000 integer level; if it breaks, BTC may further test $62,500. Next, you should continuously monitor the progress of US-Iran ceasefire negotiations, the US dollar index trend, crude oil prices, and changes in order book depth. Intraday resistance levels are $63,015 and $64,069. It is recommended to focus on macro and geopolitical news and on-chain fund flow, and to take short-term volatility risks cautiously.