Bitcoin traders keep a close eye on key prices, BTC recovers $63,000 after Trump\'s Iran remarks

Bitcoin rebounded after the opening of Wall Street, and U.S. stocks rallied on new optimism about the situation in Iran. The shift in risk sentiment has helped BTC/USD regain the US$63000 area, while according to CoinGlass data, short liquidations have reached nearly US$100 million in the past 24 hours.

Behind the recovery in market sentiment are remarks made by US President Donald Trump. After the ceasefire situation deteriorated, Trump hinted that there may still be room for a new Iran \"deal.\" With cryptocurrencies effectively following the movements of a wider range of risky assets, traders are now watching whether BTC can hold key intraday levels until the daily close.

Summary of Key Points

According to TradingView data, BTC/USD rose nearly 1.5% on the day and rebounded above US$63000.

CoinGlass data shows that the 24-hour short liquidation amount is close to US$100 million, reflecting that a large number of leveraged positions have been closed.

Many traders are watching whether BTC can achieve a stable daily closing price above US$64700 to maintain the rebound momentum.

Market participants are still divided on whether a bear market bottom is forming, with conflicting cyclical interpretations.

Iran\'s \"deal\" hopes to reignite, risk appetite returns

According to TradingView data, BTC/USD rose after the Wall Street opened on Thursday, standing back at $63000. This trend accompanied a comprehensive rebound in U.S. stocks, partially offsetting losses earlier in the week.

The timing coincided with Trump\'s remarks. After the ceasefire broke down, Trump said Iran \"wants to reach a deal.\" Citing reports from a transaction analysis resource and other posts, Trump said that a phone call had been held and the two sides \"very much want to reach an agreement.\" Earlier reports have also linked overall market sentiment to developments in Iran\'s ceasefire and regional tensions.

In the crypto space, the improvement in sentiment seems to be immediate: CoinGlass data cited in market reports showed that short liquidations were close to $100 million in the past 24 hours. For traders, this clearing can reduce downward pressure while stimulating new momentum trading-although it does not automatically confirm a continued trend reversal.

Liquidation highlights leveraged pressure and rapid reversal of sentiment

Short liquidation is often a signal that price fluctuations are accelerating due to leveraged positions. CoinGlass data quoted by the report showed that liquidity targets were quickly hit, with nearly US$100 million liquidated in one day, which is consistent with the overall rebound in \"risk appetite\" in the stock market.

While such surges may drive further gains in the short term, they also tend to make markets more sensitive to the news. This is important because the drivers cited here-geopolitical developments and policy signals-can change rapidly, and cryptocurrencies have been traded as high-beta assets relative to traditional markets.

Traders involved in price discussions believe that the rally does not necessarily mean an immediate shift in trend. A market participant named after Killa wrote on platform X that the current pattern is \"not bearish at all\" and expects \"another few months of volatile price movements.\" According to this view, BTC may still fluctuate within a wider range rather than making a clear transition to a new directional stage.

Traders focus on BTC\'s key daily close

As prices stabilize after a rebound, attention turns to specific technical positions. Trader Killa pointed to $68000 as a potential short entry area, which is consistent with the view that \"gains may encounter selling pressure before a larger breakthrough.\"

Another participant, Jelle (CryptoJelleNL), also emphasized that bulls may still be trying to regain key positions. In an update to the X platform, Jelle said that if BTC can regain its position at a certain important level, the market may once again hit the US$65000 - 70000 range. But if BTC is rejected and loses support, Jelle pointed out that the market could retest levels below $60000.

The most specific \"decision point\" mentioned in the report came from Daan Crypto Trades, who believed that a daily closing price above $64700 would \"turn the tables\" and trigger a larger rebound. Daan\'s analysis on Platform X placed BTC in the US$61300 - 64700 range and described the latest trend as a recovery after previous hedging liquidations. Within the same framework, a daily close below $61300 would open the door to a retest of lows and could negate rally momentum.

Despite the rebound, the bear market bottom debate continues

Even after recovering above $63000, participants still have no consensus on the significance of this trend in the larger cycle. The report pointed out that views continue to diverge on whether a bear market bottom has emerged.

Earlier reports cited two very different interpretations: one analysis believed that a \"textbook\" bottom was forming, while another cyclical comparison advocated a deeper macro bottom. In fact, this divergence is important because it changes how traders interpret short-term rallies-whether as an early confirmation of a bottom or as a restorative move within a range of volatile shocks.

Because of this, the market may focus on the next few trading days not on whether BTC can rise, but on whether it can hold the key threshold on a close basis. Considering the leverage effect reflected in the liquidation and the sensitivity of news related to geopolitics, subsequent trends will be closely watched.

Heading into the next daily close, traders may use levels such as $64700 as touchstones to determine whether this rally is just another range extension or the beginning of a broader repair phase-especially in the context of continued divergence of views over a long-term bottom.