BTC experiences a sharp drop of 0.42% in 15 minutes: geopolitical easing and a weaker USD drive a short-term rebound, with institutional buy-wall support emerging

From 14:00 to 15:00 (UTC) on July 10, 2026, BTC fell 0.42% within 15 minutes. The price range was $64,196.2–$64,514.1 USDT, with an amplitude of 0.49%. Despite a short-term pullback, BTC rebounded from the lows over the prior hour. The close at $64,486.5 saw a rise of 0.30%. The order book showed an extremely bid-dominant pattern, with risk appetite marginally recovering.

The core driver behind this move is the partial easing of the military conflict between the US and Iran. Current fighting is in an intermittent phase; regional mediators are actively pushing for the US and Iran to restart talks. Geopolitical tensions have cooled at the margin, easing market panic sentiment. Meanwhile, gold prices rebounded to $4,120.80/oz (+1.13%), the DXY slid to around 100.80, and oil prices retreated in tandem. The combination of a weaker dollar and lower oil prices provides positive support for BTC.

In addition, the microstructure of the order book shows very strong bid support. The bid-to-ask depth ratio is 7.18 (far above the 1.5 threshold). Near $64,135, there is a large bid wall of 0.3138 BTC, accounting for 73.8% of the total volume in the top 5 order book levels, suggesting that institutional funds are actively propping up the market or accumulating at the current price level. However, note that the Fed’s June meeting minutes were hawkish, and the probability of a September rate hike has risen to 64%, which poses mid-term upside suppression. In addition, the 1-hour RSI has entered the overbought region, so there is short-term pullback pressure.

Key support to watch now is $64,135 (the large bid wall) and $62,559. Resistance is likely to be near $64,695 and the $65,000 psychological level. Going forward, closely monitor developments in US-Iran negotiations, whether the DXY can continue to weaken, whether the bid wall near the current level remains in place, and the pullback depth after the 1-hour RSI enters overbought conditions.