[BTC retreats to 64,000, bulls are shaky, bears are shaky too, waiting for Thursday's big test] Fam, BTC got pushed back after hitting 65,300 yesterday and is now hovering around 64,000. Bulls couldn’t even hold 64,500—definitely not strong enough. But calling it a crash? Bears haven’t brought the volume either. The current situation: both bulls and bears are shaky, and the market is waiting. The real game-changer is Thursday—$13 billion in quarterly options expiration, that’s the big test. $10.6B worth of options expire Thursday, but only 20% are in the money, while 80% ($8.6B) are basically worthless. The max pain point is at $74,000, about $10,000 higher than the current price. The options structure is heavily bearish, and market makers might create additional selling pressure near expiration through Delta hedging. $60,000 is the key support level, with $450M worth of put options stacked there. If 63,600 doesn’t hold, the next target is 62,500, and below that, it’s straight to 60K. Right now, just waiting for BTC to bounce back to 65K-65.5K to start setting up Bitcoin shorts.