**Bitcoin Technical Analysis: Short-Term Bearish Trend**
Predicting Bitcoin ($BTC) to drop to $57k by the end of the week. Historically, I've accurately forecasted dips to $53k, followed by significant upward movements. Smart traders can capitalize on these predictions by taking short positions for substantial gains.
**Current Market Overview:**
- **Price:** $59,089.99 (down 3.05%)
- **24-Hour Range:** $57,800.01 - $61,181.84
- **Volume:** 40,503.42 BTC (2.42B USDT)
**Market Sentiment:**
BTC is nearing the lower end of its trading range. Traders should watch for a potential rebound at the $57,800.01 support level. A drop below this could lead to further declines, while a surge past $61,181.84 might signal a bullish trend.
**Pro Tip:** Keep a close eye on trading volume and market depth for optimal trade timing and maximum profits.