[Analysis: Bearish momentum is insufficient to push BTC quickly 'below 60K to 50K,' $64,500 support will be reconfirmed after U.S. stock market opens] BlockBeats News, March 2, on-chain analyst Murphy stated that BTC's 'historical average turnover cost' is highly effective in gauging market sentiment. When the price approaches the historical average turnover cost of around $64,500, it reaches the psychological limit of the market. Recently, Bitcoin's price fell below this cost line multiple times between February 23-24 and February 27-28 but managed to climb back above it. Bulls have shown strong resistance at this sensitive level. Currently, concerns over the U.S.-Iran geopolitical conflict have subsided, and the focus will shift to the scope of the conflict, its duration, and its impact on crude oil prices. Observations over the weekend indicate that, in the absence of significant participation from institutions and market makers, bearish momentum is insufficient to push BTC quickly 'below 60K to 50K.' The support at the historical average turnover cost of $64,500 will be reconfirmed after the U.S. stock market opens today.