Bitcoin fell roughly 2% to trade near $63,981 after failing to hold an intraday high around $65,308, leaving $63,900 as the level traders are fixated on because it marks the midpoint of the prior weekly candle. Holding it keeps a retest of last week's $65,500 high in reach; losing it shifts attention toward $63,000 and below. Inflation data and continued institutional selling are the two catalysts most likely to decide which way it breaks.