Bitcoin: Japanese Yield Spike Fuels Correction

Bitcoin correction stems primarily from renewed Japanese yield spikes rather than Middle East events, according to @CryptoMichNL who anticipates a yield breakdown within 1-2 weeks that would trigger a positive BTC breakout.

Price action on the 4h chart shows BTC at $62993.66 testing lower Bollinger support near $63174.33 while the EMA50 at $63262.75 and EMA200 at $63883.86 act as immediate resistance layers in the prevailing bearish structure; the MACD death cross at 59.7 reinforces downside momentum even as RSI at 41.91 holds neutral territory, setting up a potential relief rally once yields roll over.