Current Bitcoin (BTC) Market Data:

• Price: $60,450

• Market Cap: $1.197 trillion

• Price Change (24h): -$3,234 (-5.08%)

• Market Cap Change (24h): -4.82%

• All-Time High (ATH): $73,738 (March 14, 2024)

• All-Time Low (ATL): $67.81

• Circulating Supply: 19,761,525 BTC

• Max Supply: 21,000,000 BTC

• Total Volume (24h): $48.46 billion

BTC has dropped by 5.08% in the last 24 hours, with a significant pullback from its daily high of $64,131. Market sentiment appears cautious, driven by large sell-offs .

Technical Indicators:

1. Support & Resistance:

• Support Level: $60,000

• Resistance Level: $64,000

2. Key Indicators:

• RSI (Relative Strength Index): Indicating potential oversold conditions near 30.

• MACD (Moving Average Convergence Divergence): Showing a bearish crossover .

3. Price Pattern:

• A reversal pattern could be forming, especially with the current bearish momentum .

Recommendation for BTC (1D Timeframe):

• Short-Term Action: Watch for potential further downside to the $60,000 support. If this level holds, a bounce towards $64,000 could occur.

• Strategy: Look for buy opportunities if RSI continues indicating oversold conditions, or sell if price breaches the $60,000 level.