Svmuu News: Amid escalating tensions between the U.S. and Iran, Bitcoin continued to face downward pressure, with prices briefly approaching $62,000, while risk assets overall came under selling pressure.Data shows that BTC/USD continues to trend lower. According to JDK Analysis, the current price movement of Bitcoin is “extremely weak,” with a large number of short sellers betting on further declines; the $60,000 range may once again become the market’s focus.
However, if new spot buying emerges and key support levels hold, a large number of short sellers may face a short squeeze.Some traders remain bullish; among them, trader Roman believes that current technical indicators—including the RSI and trading volume—suggest the market’s downward momentum may be waning, and that Bitcoin still has the potential to rebound to the $70,000 to $75,000 range in the future.