đ¨ $BTC Price Analysis đ¨
Bitcoin is approaching a critical support level on the 4-hour timeframe.
đ Key Levels to Watch:
Support: $58,250 - $59,000 Resistance: $63,500
After rejecting the upper resistance zone near $63,500, $BTC is now testing a confluence of key trendline and moving average support near $59,000. If this zone holds, we could see a potential rebound toward the $63,000 area.
Keep an eye on how $BTC reacts at this support. A bounce here could offer a good opportunity for a long position, but a break below might signal further downside risk. Stay sharp! âĄ
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