Once again bad news lead $BTC Downward trend .. Huge Dump again after hit $62.5k..

The $BTC /USDT pair is currently experiencing a notable downturn, with the latest trading price at $60,397.38—a decrease of 2.38%. Over the past 24 hours, Bitcoin hit a high of $62,390.31 and dipped to a low of $60,164.00, with a trading volume of over 2.02 billion USDT. This recent pullback presents a critical juncture for traders.

The downward trend highlighted by the sharp red candles near the $62,000 mark suggests potential resistance, making this a pivotal moment for those considering short positions or seeking entry points for long positions if signs of recovery emerge. Keeping a close eye on the volume and price movement near the 24-hour low could provide strategic insights for timely trades.

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