Bitcoin is facing two crucial levels:
1) đ° $64,000
2) đ° $67,000
Breaking below $64,000 could send Bitcoin towards $60,000. Currently, it's around $64,000, but traders are wary of opening long positions due to recent sharp declines.
Trading volume has been low both on the way up to $67,000 and on the way down, signaling reduced participation from buyers and sellers. This trend might intensify as May approaches since trading volumes typically decrease during summer.
If Bitcoin convincingly surpasses $64,000, a retest of $67,000 could occur. However, I'm maintaining my short position, expecting a move towards $60,000 for now.
