BTC Faces Key Support After $370M Liquidation Event.Bitcoin / U.S. dollarBITSTAMP:BTCUSDledora037Bitcoin's latest drop wasn't random. The move came after a hawkish FOMC reaction pushed rate-cut expectations further out. Higher-for-longer interest rates typically strengthen the dollar and reduce risk appetite across financial markets, including crypto. At the same time, BTC was testing a major resistance zone around $67K, where sellers stepped in aggressively. Once support started breaking, leveraged long positions were forced out, creating a cascade of liquidations that accelerated the decline. Key Reasons Behind the Drop > Hawkish Federal Reserve stance reduced risk-on sentiment > Rising oil prices increased inflation concerns > BTC failed to break and hold above the $67K resistance area > More than $370M in long liquidations added fuel to the selloff > Short-term profit-taking after the recent rally from lower levels Technical View The rejection from $67.1K confirms that buyers are not yet in full control. Price is now testing the $63.8K-$64.2K support zone. This area is important because it aligns with previous structure and trend support. Above $64.7K: Bulls regain momentum and could challenge $67K again. Below $63.8K: Risk increases for a move toward $62K-$60K, where stronger support sits. Bottom Line The current decline looks more like a combination of macro-driven selling and leverage being flushed from the market rather than a complete trend reversal. The next few candles around $64K will likely determine whether this is simply a healthy correction or the start of a deeper move lower. What do you think - temporary shakeout or trend change?