BTC's key short-term support seen at $75K-$77K

As BTC fluctuates around $77,000, an analysis suggests the $75,000 to $77,000 range will act as a key short-term support level. According to CoinDesk, Tim Sun of HashKey Research stated the recent price drop was not a structural trend reversal but was driven by increased volatility from leverage liquidations. He noted that new capital inflows are being limited by macro variables such as rising U.S. 30-year Treasury yields, oil prices, inflation concerns, and U.S.-Iran tensions, making a defensive, range-bound market likely for the time being. Sun added that if tensions between the U.S. and Iran ease significantly, it could lower oil prices and inflation expectations, creating room for BTC to rebound.