BTC

Yesterday, Bitcoin’s technicals overall showed short-term pressure. After a high-level adjustment, it stepped down in a small phased decline, taking brief pauses as it went. Although, in the short term, there were multiple attempts to break below the 62K moving averages, none achieved a valid breakdown; rebounds followed. However, risk appetite has been suppressed by the escalation of the U.S.-Iran conflict, which triggered safe-haven sentiment, and by the Federal Reserve’s hawkish remarks that pushed up U.S. Treasury yields.
At present, with the 62K key level in a standoff—near the long-term support zone—short-term traders should watch whether price fails to stabilize at this area. If so, buy-the-dip attempts can be made nearby, targeting around 63,700. If it can regain the moving averages with increased volume and hold above them, price could further move up.
On the other hand, if it breaks below the 60K level and fails to hold, room to the downside will open, potentially pushing further down toward around 58K or even lower.
Worth noting is that tonight’s CPI is the catalyst likely to drive the market. It is expected to consolidate and build a base near support. During the evening, keep adjusting positions.
Personal opinion, for reference only. Remember to manage risk properly.