Rebound 64,000–64,500 faces resistance and is set to go short; stop loss is above 64,800. Cut the position in half at 63,000, and the rest will watch 61,000–61,500.

BTC has been continuously falling from yesterday’s high near 65,500. The current price is 63,600, which has already broken a key support. On the 1-hour timeframe, EMA55=64,215; the price is clearly below this line, and multiple consecutive candlesticks have closed below EMA55, confirming the bearish structure. The direction is clear—just follow it.

Upward resistance: 64,000–64,500; the former support has turned into resistance—any rebound is just handing out headshots.

Downward targets: 63,000 as the first stop; if it breaks down, directly look at strong support at 61,000–61,500.

① After peaking at 65,500 on the 1-hour chart, it has continuously closed bearish and fallen back. On the 4-hour timeframe, MA5 and MA10 have formed a dead cross. MACD histogram has been continuously negative and kept expanding, with short-term bearish momentum in favor.

② Fed member Logan publicly called for rate hikes, hinting that this month’s meeting may oppose maintaining interest rates unchanged; Fed Vice Chair Jefferson emphasized that the fight against inflation is not over—hawkish remarks directly suppress risk assets.

③ Geopolitics continues to weigh on sentiment: the U.S. military has launched a new round of airstrikes on Iran. Iran has been exposed as planning to start a Strait of Hormuz frontline; risk appetite is comprehensively suppressed. Bitcoin spot ETF flows have fluctuated sharply over the past few weeks; after inflows last week, it turned to outflows again this week.

Hawkish pressure on top, geopolitics stirring things up—the only life-saving straw for longs is 61,000. $BTC ‌