Current price: $60,495.97 (-3.42%) 📉

Market mood: Bearish with a possible reversal ⚖️

Bitcoin fell 3.42%, pushing its price down to $60,495.97. Traders are nervous, wondering if this is a temporary drop or a signal for a deeper correction. Let's dive into technical analysis and explore potential scenarios for BTC. 📊

=> Scope-limited scenario 🌀

If BTC remains range-bound, it could fluctuate between support and resistance levels in an instant. This scenario will allow traders to take advantage of short-term fluctuations by buying near support and selling near resistance. 📈

Key levels to watch:
- Immediate assistance: $59,811.65
- Immediate resistance: $60,710.89

=> Bullish reversal: Look to the sky! 🚀

If BTC manages to hold above $60,495.97 and breaks above the $60,710.89 resistance, it could signal a bullish reversal. The next targets would be $61,181.84 and potentially $61,260.94. If the bullish momentum continues, Bitcoin could aim for even higher levels, creating new upside targets. 🌕

Key levels to watch:
- Key resistance levels: $60,710.89, $61,181.84, $61,260.94
- Price upside target: $61,500 or more

=> Bearish trend continues: Prepare for impact! 📉

If BTC fails to hold above $59,811.65 and falls below $59,520.90, we could see the bearish trend continue. The next support levels to watch will be at $59,000 and potentially lower at $58,500.

Key levels to watch:
- Immediate support: $59,811.65, $59,520.90
- Main support: 59,000 USD, 58,500 USD
- Discount target: USD 58,000 or more

Smart transactions, safe transactions! 🛡️ In these volatile times, it is important to have a solid trading plan. Use stop loss orders to protect your position and take profits at key levels to lock in profits. The cryptocurrency market is dynamic, and staying informed can give you an edge. 📈

Stay tuned for more updates and keep a close eye on BTC's price action! Whether you are a seasoned trader or just starting out, these insights can help you navigate the exciting world of cryptocurrency trading. 🌟

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