The weekend market for Bitcoin is down to two words: out of control

Technical indicators have completely failed, sentiment is crushing everything, and as the US-Iran conflict escalates, the crypto market is crashing. Bitcoin has broken through 63,000, and accounts are being wiped out instantly.

When the news eases, there's a weak rebound and a slight pullback. As long as this geopolitical minefield isn't cleared, the market won't be truly stable. Volatility will only become more extreme.

Don't be fooled by slow gains; this isn't a reversal, it's a bear trap. The monthly volume decline is a real sell-off, not a shakeout. The large-scale bears are firmly in control, with no signs of stabilization.

The longer it drags on, the looser the chips become. Each rebound gets weaker than the last. Once the support level is effectively broken, it will be a headlong rush to sell-off.

Trading suggestion: Short around 66,500-67,000, targeting 64,500-63,800. Break below 62,000.