BTC futures show bearish bias near $64,000 after failing to sustain gains above $63,260 support levels.
Bitcoin remains under pressure below $64,000 as sellers reassert control following a brief rebound from $63,260. The failure to break above $64,000 has reinforced a bearish short-term outlook, though key support levels could determine the next move.
Earlier, BTC briefly touched $64,100 before retreating to $63,580, reflecting weak buying interest. Analysts note the $63,300 level as critical support, with a break below potentially accelerating losses. Broader macro factors, including Fed rate hike expectations and mixed Asian market performance, add to the cautious sentiment.
Traders are closely watching the upcoming US CPI report, which could influence Fed policy and risk assets. Tether’s shift away from its gold-backed lending platform has also contributed to subdued crypto market liquidity.