As of 12:00 on April 2nd, the BTC/USDT perpetual contract is approximately $66,550, down 3.39% in 24 hours. Middle East geopolitical conflicts have heightened inflation expectations and reinforced the Federal Reserve's rate hike outlook, putting pressure on risk assets; combined with technical indicators such as EMA turning downward and MACD green bars expanding, the market is dominated by bears. Short-term support levels are at 66,000-65,500. If the price breaks below or drops below 65,000, caution is needed for chain reactions of leveraged liquidations and capital outflows.