Bitcoin short of opportunity, don’t miss it
$BTC /USD is likely to approach $62,200 today due to key technical and market dynamics. The pair has encountered significant resistance near $64,000, with multiple failed breakout attempts signaling a potential shift in momentum. With decreasing volume on recent upward movements, market liquidity appears thin, creating a ripe environment for downside volatility. As bearish pressure builds and shorter timeframes display a clear pattern of lower highs and lower lows, the probability of a breakdown increases. A breach of the $63,200 support level could act as a catalyst for further declines, making $62,200 a logical target within the day’s trading range. This scenario aligns with the broader corrective phase currently shaping up, reflecting a temporary retracement within the longer-term trend#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves