Bitcoin (BTC) Daily Chart Update:

Hello, traders!

We successfully tapped into some liquidity and potentially formed a local bottom for the week. However, I still anticipate potential downside action.

The purple line represents our short-term make-or-break level. If we close above it, Scenario 1 may unfold, and we might retest the $62,000 resistance. Conversely, failure to push above this level could lead to a retest of the recent lows.

I recommend waiting for confirmation before taking any action. Share your thoughts on BTC's next move!