Bitcoin (BTC) faces short-term pressure, with a potential rebound window in the medium term

Bitcoin has recently continued to weaken, briefly falling below the $69,000 mark, with over 110,000 traders liquidated in the past 24 hours. Geopolitical tensions and macroeconomic data have suppressed market sentiment, and the US Treasury Secretary has explicitly stated that the government will not bail out cryptocurrencies. Standard Chartered has lowered its year-end target price from $150,000 to $100,000 and warned that Bitcoin may first drop slightly below $50,000 before a rebound can occur. CryptoQuant analysis indicates that the bear market bottom takes time to form, with strong support around $55,000. Caution is advised in the short term, but the medium-term rebound window is worth watching. #Gate廣場發帖領五萬美金紅包