$BTC may drop below $60,000 due to geopolitical risks, creating a buying opportunity.
There are two key scenarios to watch. On the 4H chart, $BTC broke the 200 EMA support and, after a bearish retest, is trending down, possibly dipping to 57k. On the daily chart, $BTC is trading near the 200 EMA support. A bounce here could reverse the trend, but breaking this level confirms the bearish outlook. Despite the risks, the bullish structure remains intact, and a reversal could set a higher low. I'm waiting to see how the price action unfolds before taking further steps.
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