Bitcoin today reached the 62,500.$ level I mentioned. So what’s next? (https://www.youtube.com/shorts/-gyaMg-JZOE ) $BTC reacted from this zone, but we can’t say the bottom is in yet. Several factors are working together behind the decline: - Oil and bond yields rose. This increased concerns that inflation could pick up again and the Fed may stay tighter for longer. - Headline PPI didn’t change on a monthly basis, but core producer inflation rose by 0.4%. So cost pressure hasn’t fully disappeared. - Retail sales fell by 0.6%, and Michigan consumer sentiment came in below expectations. If the inflation risk remains while growth slows, it creates a difficult combination for crypto. - ETF flows turned negative again. When prices are falling, it’s important that institutional demand can’t offset the selling. - The Strategy–MSCI debate created a new risk. Strategy doesn’t necessarily need to sell BTC directly. But being removed from indices could lead to passive fund selling in MSTR and weaken the company’s ability to raise capital. On the chart, 62,500 was our first support—and it worked. If this level is lost on closes, I would expect the $60,000 area. My short-term bias is DOWN. But please pay attention to the reaction that the support (62.5K) may provide.