🚨 $BTC Critical Updates🚨
Bitcoin (BTC) is currently valued at $58,264.01, experiencing a 2.8% decline since yesterday and a 5.6% decrease from its value a week ago. The trading volume in the last 24 hours was $40.02 billion.

BTC has been facing a significant downturn, with difficulty in maintaining stability around the $58,000 mark. Despite some recovery, the selling pressure persists.

Market participants are closely monitoring for any signs of a trend reversal.

There is notable liquidity in the $58,500 to $60,000 range, and a market ‘pump’ is needed to capture this liquidity. The $58,000 to $55,000 zone is currently acting as a critical support level on the weekly charts. Holding above this range is essential to avoid further declines

#btc #sol #not #US_Job_Market_Slowdown #SOFR_Spike