🚨 BITCOIN UPDATE

On the 4-hour frame, BTC is currently between the Fibonacci levels of 0.5 ($59,468) and 0.382 ($56,300). It just touched the lower level of 0.382 ($56,300), but due to buying pressure, the price has risen. If BTC successfully breaks the 0.5 level, we may see a rise toward the significant level of $62,250. However, if it successfully falls below 0.382, it could drop again to the range of $50,000.

Keep in mind, 57,900 is also a 0.5 zone, so it has to break that level to move further up. The next target is 59,500 towards the 0.618 level, and then the goal is 62,250.

In short, BTC is currently in a critical zone, poised for either a rise or a fall. Let's see what happens next.

Please note the use of the word "successful." A false breakout can happen, so always look for confirmations.

DYOR!!

#EmperorMajesty #MarketDownturn #BlackRockETHOptions #btc73k $BTC