🔴🔴 $BTC Urgent Updates🔴🔴
Bitcoin is currently priced at $57,493.55, having declined from a high of $73,736. The key level to watch is $56,209, which corresponds to the 0.5 Fibonacci retracement. Should Bitcoin maintain above this level, a rebound may be on the horizon. However, a drop below could see support at $52,003 (the 0.62 Fibonacci level) and potentially down to $50,000.

On the upside, resistance lies near $60,404, close to the 200-day moving average. Surpassing this could lead to targets of $62,763 (the 0.5 Fibonacci retracement) and $64,988 (the 0.62 Fibonacci retracement).

The current trend is bearish, marked by significant selling pressure. Short-term traders should proceed with caution and consider stop-loss orders to safeguard investments. For long-term investors, the dip in prices may present favorable buying opportunities

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