Market Update:
The US dollar has currently reached an important resistance at $102.5. If this resistance is not broken and bounced off, this may support Bitcoin's positive movement and motivate it to continue rising to $66,000 and above, provided that the dollar drops to $100 or $99.
Today, as the weekly close approaches, if the Bitcoin candle closes above $62,000, this week will be generally positive, which may push Bitcoin to continue rising to $66,000 and above.
However, if Bitcoin closes below $62,000 and the dollar breaks the $102.5 resistance, Bitcoin is likely to continue its sideways movement between $62,000 and $58,000.
This update is for short-term monitoring
The general movement is still positive for Bitcoin unless it drops below 50k.
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