Bitcoin hovers above $62,700 as Strategy leverage raises $59K–$66K focus

Bitcoin is trading above $62,700 after a reported 10% weekly drop, with near-term levels centered on $61,500 support and resistance from $65,000 to $68,000. The analysis flags balance-sheet pressure at Michael Saylor's Strategy, citing 844,000 BTC worth $51.1 billion versus $21.8 billion of debt and preferred obligations. A break below $59,000 is framed as a risk point that could intensify selling, while holding $62,000 alongside ETF inflows could allow a move back toward $66,000.