The US and Iran may have reached agreement on stopping conflict, but the U.S. stock market is not taking part in any euphoria and is instead rather unsettled. A lower high in the S&P 500 is corresponding with a potential rejection of the major $66K level for Bitcoin.
Down to $63,700 support level?
Source: TradingView
Looking at the 4-hour time frame the $BTC price can be observed moving within what appears to be a small bear flag. If the price is rejected from the $66K horizontal level, a fall to the $63,700 support and the bottom of the bear flag could be the next move.
If on the other hand the bulls can push the price back above the $66K level, the $67,200 resistance, and then the top of the bear flag and the descending trendline will form a major barrier to further upside price action.
Has the upward trend come to an end?
Source: TradingView
The daily chart provides a higher level view. Here the proposed bear flag can be compared with the hugely bigger 4-month bea
We współpracy z: https://cryptodaily.co.uk/2026/06/btc-drops-toward-64k-as-sp-500-forms-lower-high-correlation-strikes-again
