📈 BTC Update 💸

Today, BTC faced a significant downturn, dropping by 4.50%. This was influenced by heightened selling pressure attributed to actions by the German government and whale manipulation.

Currently, BTC is holding support at the crucial 60k level. If it closes below this point, we might see further declines to approximately 58.4k to 56.6k. Conversely, a close above 60.6k to 61k would signal bullish sentiment.

Earlier today, technical analysis revealed that BTC broke above a key trendline resistance and is currently undergoing a retest on the 1-day chart. A successful retest could pave the way for upward momentum, though this process may require some time.

Traders are advised to exercise caution and consider using lower leverage due to ongoing market manipulations. Stay informed and trade safely!

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