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🚨 Bitcoin Technical Analysis
Macro context:
The cryptocurrency market continues to be influenced by inflation, FED interest rates, and geopolitical tensions (Middle East, US–China trade). Capital flows remain cautious, making it difficult for BTC to build strong upward momentum and increasing pressure for short-term corrections.
Current price situation:
BTC is currently trading around $73,548 (latest data). This is a mild correction over the past week, indicating that buying pressure still exists but is not strong enough to push prices to higher levels.
Main scenario:
If market conditions turn worse, BTC could potentially drop to the $56,000 – $64,000 range (aligned with the 61.8% Fibonacci retracement from the all-time high). The plan remains unchanged from last week. What do you think???
This information is for research and personal opinion only, not financial advice.
#ICEBacksOKXOilPerps #CFTCOpensBitcoinPerps #DellSurgesCostcoSlows

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