BTC is trading at $63,920, down 1.97%, with $109.60M in 24h volume. The message is clear: sellers still have control, but this decline is now entering a zone where a sharp reaction can appear. The screenshot does not show long or short liquidation totals, so I will not invent them. Still, falling price with strong volume suggests pressure is real.
Market view: bearish below $64,000. A reclaim of $64,500 would weaken the bearish setup and could trigger short covering.
TG1: $64,800
TG2: $65,700
TG3: $67,000
If $63,200 breaks, downside can accelerate toward $62,300 and potentially $61,500.
Pro tip for pro traders: do not blindly short after a red candle. Watch volume, open interest, and liquidation clusters. If longs are heavily trapped below support, a flush can happen first, followed by a violent rebound. If price reclaims resistance with volume, shorts become fuel. Trade confirmation, not emotion, and always keep leverage tightly controlled at all times.
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