🚨BTC UPDATE🚨
Bitcoin is currently trading around our support area of $58k. With nearly equal liquidation potential on both sides, a 5% price move up or down could trigger significant action. Therefore, it's too early to say definitively whether BTC will go up or down. However, there is a slightly higher chance of breaking this support compared to breaking the resistance, especially considering that September has historically been unfavorable for Bitcoin. Additionally, we've seen some selling in Bitcoin ETFs in recent days. On the other hand, there are also some bullish events to consider, such as the potential for an interest rate change, news about CZ, and the upcoming event in Singapore.
