Here's a more concise and effective version of your update:
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$BTC Update
Urgent Alert!
A significant liquidation cluster is forming in the marked area.
Price Levels: Currently around $61,050, close to key support at $60,800.
Resistance Levels: Upper resistance near $63,600, with stronger resistance at $66,450.
RSI (Relative Strength Index): Currently at 39.91, indicating the market is leaning toward oversold conditions, suggesting potential upward movement may follow.
Support Levels: The next solid support below is at $56,996; a break could test this level.
Summary:
Upward Move: If the price holds at $60,800 with buyer interest (RSI showing oversold), we could see a bounce toward $63,600.
Downward Move: A break below support targets $57,000.
Key Focus: Watch how the price reacts at $60,800. Holding this level increases chances for an upward move; breaking it may lead to further declines.
Based on current indicators, a downward move seems more likely if $60,800 breaks. The RSI indicates weak oversold conditions, suggesting that unless strong buying occurs, further downside toward $57,000 is probable. However, if support holds, a rebound could happen.
If the daily candle closes above $63,600, BTC will signal a bullish trend.
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