<ul><li>Bitcoin faces short-term bearish pressure as it struggles to sustain above $64K.</li><li>Chinese stock selloff impacts global markets, including crypto, as Alibaba, Baidu, and Bilibili see sharp declines after a stimulus-fueled rally fades.</li><li>Bitcoin's short-term outlook is bearish, with analysts closely monitoring the critical $61.8K support level.</li><li>Long-term optimism remains for Bitcoin, with experts citing rising global liquidity as a potential catalyst for a new all-time high near $70,000.</li></ul>

Bitcoin Faces Short-Term Correction as Chinese Stocks Experience Sharp Decline

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