Thursday BTC Update #59‼️ Really I'm sorry to say this, but this is what's coming next.. 🤐

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As predicted in our last update, I mentioned that "Now, there's a possibility of a a small correction BTC towards $58k, which could trigger some liquidations around $57800. After that, BTC may pump again to $58k, $69.5k." and it has followed this expectation and perfectly hit last night.

Check previous BTC update how perfectly our previous analysis has played out!

Now, there's a possibility of a a small Pumo BTC towards $60300, which could trigger some liquidations around $60300 - $60400. After that, BTC may dump again to $59.5k, $59k.

✍️ The price action respected the 4-hour Bearish Fair Value Gap (FVG) and, as anticipated, we saw a rejection that led BTC to pull back into the 4-hour Bullish FVG. The market perfectly retraced to our key support zones around the 50% and 61.8% Fibonacci levels (62.5k-62.3k). This area acted as a strong support, and we're now seeing a small bounce.

🟢 Moving forward, if BTC can hold above this $62.5 Bullish FVG + 50% Fib and break through the 60.8k resistance again, we could see a push towards the next major resistance around 61.6k. However, if the price struggles to break above this level, a period of consolidation within the current range is likely.

🔴 Keep a close eye on how the price reacts around these levels, especially with the psychological level at 62k still in play. A break below this could signal a deeper correction $58300, so it’s crucial to stay vigilant.

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