[Analysis: Bitcoin's critical support level is $64,500, and bears are currently insufficient to push Bitcoin below $60,000 quickly] BlockBeats News, March 1, crypto analyst Murphy stated, 'Using <10y_RP as Bitcoin's "historical average turnover cost" is a more effective way to gauge market sentiment. When the price approaches <10y_RP (approximately $64,500), it often nears the psychological limit of the market. During February 23-24 and February 27-28, BTC repeatedly fell below this level and then regained it, showing that bulls have a strong willingness to resist at this sensitive price point, unlike the rapid decline seen previously when approaching STH-RP. The greatest current market uncertainty still stems from the U.S.-Iran geopolitical conflict. As key events unfold, attention should be paid to the scope and duration of the conflict and its impact on crude oil prices. However, at least over the weekend, when there is a lack of significant participation from institutions and market makers, bearish forces are still insufficient to push BTC quickly below the $60,000 threshold. This judgment still needs further verification after the U.S. stock market opens next week. If the trend is confirmed, the previous analysis logic and key resistance levels regarding "how far this rebound can go" will remain valid.'