$BTC is sitting on a critical support zone around $62,537 after a sharp 15m selloff. Price at $62,624 remains below MA(7) $62,806, MA(25) $63,063 and MA(99) $63,371 — a clear bearish structure. Selling volume has surged, adding pressure. A clean break below $62,537 could open the door to further downside, while reclaiming $62,806 would be the first bullish signal.

The next move could be explosive. Watch $BTC closely.