$BTC Update:

#Bitcoin experienced a sharp decline to $61k, primarily due to geopolitical tensions, leaving us uncertain about the potential for war.

Currently, $BTC is consistently testing its demand range between $61k and $63k, posing challenges for further holding.

A bullish shark pattern is emerging here; if $BTC firmly respects this range, it will likely become the Potential Reversal Zone (PRZ).

In the event of a reversal, key supply levels would be:

$64,659

$66,770

$68,110

There's a substantial liquidity chunk below this range, indicating possible increased volatility if Israel retaliates against Iran, potentially triggering a majority of long positions. Market recovery to pre-conflict levels is contingent upon resolution of the issue.

The setup would be invalidated if #BTC closes below the threshold of $59000.

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