🚨 Price Analysis $BTC 🚨

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Bitcoin (BTC) price is approaching a crucial support level on the 4-hour timeframe. Here are the key points to watch:

📊 Key Levels to Watch:

- Support: $58,250 - $59,000

- Resistance: $63,500

After rejecting the upper resistance area near $63,500, BTC price is now testing a vital support area that includes major trend lines and moving averages near $59,000. If the price can hold in this area, we could see a potential bounce towards the $63,000 area.

⚡ What to Watch:

Watch how BTC price reacts at this support level. A bounce here could provide a good opportunity to enter a long trade, but a break below this level could indicate additional downside risks.

Stay alert!

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