The recent surge in Bitcoin to $74K faced resistance and retreated to around $69K. It's currently finding support in the 60.5-62.5k range, but I anticipate a potential retest to 58K.

Caution is advised as breaching this range could lead to further declines towards 50.5-52k, with a worst-case scenario targeting 48K. Volatility remains high, so avoid leverage trading or use tight stop-loss orders.

Last week was challenging for Bitcoin and altcoin holders, with many experiencing significant losses. Over one billion dollars in late longs and shorts were liquidated recently.

A long-term bullish turn may occur if we cross and retest the 65-66K level. However, I predict sideways movement until the halving, which could act as a "sell the news" event.

It's essential to remember that leverage is a tool—it can be effective when used by experienced traders but can be dangerous for novices. Stay cautious and monitor the market closely. #BTC #etf #BinanceLaunchpool #bitcoinhalving #HotTrends #Shib #Memecoins #DogecoinDreams #WIFBULLISH #ASI 📉🚀