$BTC Trading Setup ( Current Price: $54,877 )

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Bitcoin is at a critical point, retesting support turned resistance around $57,000, with a CME gap forming near $54,000. If it fails to reclaim support and drops towards $50,000, a shorting opportunity may arise. The S&P 500's performance could push Bitcoin lower, but bearish sentiment and upcoming events like rate cuts or elections might trigger a short squeeze or reversal.

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