Bitcoin is trading at $63,155, down 3.97% over the past 24 hours. The decline followed renewed risk-off sentiment after Donald Trump made negative remarks regarding tariffs, which weighed on global market confidence. The announcement triggered broad-based selling pressure across risk assets, prompting investors to reassess exposure, volatility expectations, and near-term sentiment across both crypto and traditional financial markets.
Technically, sentiment remains weak with the Fear & Greed Index still at relatively low levels, and there are no clear signs of a confirmed reversal yet.
In the last session, BTC has breached below the $66K region, confirming short-term weakness and shifting the structure bearish on the LTF; momentum and indicators now favor sellers rather than consolidation. The immediate level to watch is $62.6K, and if price loses and sustains below $62.6K, the next likely downside target is $60K. On the HTF, the trend already remains bearish, so this breakdown further aligns lower timeframes with the broader downside bias.
Key Levels to Watch
Last week’s U.S. PCE Index came out bearish for crypto market, signaling sticky inflation and lowering expectations for near-term rate cuts. Markets are now adjusting to the data, with sentiment turning cautious as traders reassess policy outlook and its impact on risk assets.
Spot Bitcoin ETF flows have turned negative, with consistent outflows signaling reduced institutional demand. Last week overall recorded a net outflow, with sizable redemptions highlighting growing bearish pressure and aligning with Bitcoin’s current consolidation phase.
Over the past seven days, Bitcoin moved lower, pressing toward key support levels as selling pressure increased. Attempts to breach further below were absorbed for now, with price finding temporary support. However, the market remains fragile, and it remains to be seen whether this support can hold or if another leg down unfolds.
For the monthly outlook, Bitcoin reflects a bearish tone, with price action shifting from reactive volatility into a broader corrective structure. After facing strong resistance, momentum has weakened and rallies are being sold into, indicating underlying distribution rather than accumulation. The recent consolidation appears to be a pause within a larger downward bias, not a base for continuation. If key supports fail to hold, the structure opens room for deeper downside extension. Until a decisive reclaim of major resistance occurs, the monthly outlook remains tilted toward corrective pressure rather than constructive expansion.
Over the past 24 hours, Bitcoin extended its decline, reflecting sustained selling pressure as price hovers near key support levels. The structure remains fragile, but there has been no confirmed breakdown so far. If price manages to sustain above current support, a relief bounce could follow; however, losing this zone would increase the risk of deeper downside continuation.
Last week’s U.S. PCE Index came out bearish, reinforcing inflation concerns and dampening rate cut expectations. This week, attention shifts to the U.S. PPI data on 27th feb, which could further shape policy outlook and drive short-term volatility in risk assets.
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