According to CoinMeta, Bitcoin ( BTC ) is currently trading at around $63,500, and its volatility may increase as it trades within the range of $62,300 to $66,500. Although improved risk sentiment has supported a modest rebound, institutional demand remains cautious, with last week seeing a net outflow of $389.71 million in US spot Bitcoin ( ETF ). Analysts warn that a period of calm may be coming to an end, and future sharp fluctuations could determine Bitcoin's short-term trend. Bitcoin's daily momentum indicators are slightly bearish, with the Current Relative Strength Index approaching 45, indicating that sellers maintain a moderate advantage. The most important support level for Bitcoin is currently at $62,300; if the daily close falls below this level, it will confirm a breakout from the consolidation range and could lead to a continuation of the decline to the year's low of $57,800.