$BTC ‌Brothers, BTC is seeing heavy volume as it drops through $63,000, down nearly 3% in 24 hours. Ethereum and BTC led the way in liquidations, with over $150 million wiped out, and retail long positions became cannon fodder. In the 4-hour chart, the candles have already completely gone bad—bears are strongly smashing the market!

On the news front, the Iran-U.S. geopolitical conflict directly became the trigger that sparked the sell-off. Risk-off sentiment has pinned the bulls to the ground and beaten them up. Although big players have posted long positions totaling nearly $60k to hold at the bottom, once it breaks 61,260, more than 800 million worth of long positions are likely to get blown out, and the main forces can easily stick needles downward to grab liquidity.

For the short term, look for a choppy pullback. Overhead ceiling resistance is in the 63,800–64,000 area; if it breaks through, then watch for 65,000. Below, the floor support is at 61,500–61,800.