Current Market Overview:

Bitcoin ($BTC ) has entered a downward trend and is expected to drop further, potentially reaching $63,897 or even lower.

Key Metrics:

Current Price:$64,286.01 (down 2.69%)

24-Hour High: $66,836.30

24-Hour Low:$63,584.00

Trading Volume:27,475.23 BTC

Trading Strategy:

Long Trade:

Entry Point:Above $66,836.30

Targets:$67,500 and $68,000

Stop-Loss:$64,000

Short Trade:

Entry Point:Below $64,109.00

Targets:$63,950 and $63,850

Stop-Loss: $65,000

Recommendations:

- Always confirm breakouts or breakdowns with substantial volume before initiating a trade.

- Monitor the market closely for any significant changes in trend or volume, as these can impact your trading strategy.

By following these guidelines, traders can better navigate the current volatility in the Bitcoin market and make informed decisions.$BTC