Bitcoin (BTC) exhibited a robust bullish trend yesterday, surging past $64500. However, today's 2-hour candlesticks have displayed significant red candles, indicating a sharp reversal. BTC has subsequently dropped below $63,000, signaling a bearish shift in market sentiment.
While BTC's downturn may typically exert downward pressure on the broader cryptocurrency market, it's possible that alt coins may decouple and experience relatively lesser losses. Market participants should remain vigilant, as the current scenario presents an intriguing dynamic. We will continue to monitor developments and provide updates as the situation evolves.
