The full-day candle chart of BTC indicates a significant downward trend, suggesting an imminent market drop. Currently hovering near $62,000, the market is in a precarious position, with $61,800 being its last support level in the event of a second trading session. Failure to recover by then could lead to a substantial decline to as low as $59,000. In terms of recovery, re-entering the market around $63,000 is advisable, with $63,450 serving as a safe zone.

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