$BTC Update:🚨‼️🚨‼️🚨‼️🚨‼️🚨‼️

Current Price: $63,544 (-1% in the last 24hrs)

Observations:

- BTC has closed above its opening price 52.93% of the time, indicating a slightly bullish bias.

- The recent pullback has resulted in a 12.58% decline from the 4-month high of $72,689.

Technical Analysis:

- The current price action suggests a consolidation phase, with support levels to watch around $62,000.

- A break above the recent highs could signal a resumption of the uptrend, with potential targets at $75,000 and beyond.

Market Sentiment:

- Caution is warranted, as the recent decline may attract profit-takers and short sellers.

- However, the medium-term outlook remains bullish, with a potential buying opportunity emerging on dips.

Trade Ideas:

- Buy: $62,000 (support level)

- Target: $75,000 (resistance level)

- Stop-Loss: $59,000 (below recent lows)

Note: This analysis is for informational purposes only and should not be considered as investment advice.

NFA

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