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5 hour ago
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BEARISH 📉 : Bitcoin Approaches Key $64,000 Support Amid Bearish Momentum

Bitcoin is currently navigating crucial liquidity zones after recent declines, with eyes on areas around $64,000. Traders are considering potential price swings as H1 support levels are closely monitored.

Key Market Movements

  • Bitcoin has entered a key liquidity area, indicating forthcoming trading possibilities.
  • The range high at ~$71,422 is pivotal; reactions here may trigger short or long positions depending on market structure breaks.
  • The lower level at $64,500 remains untested, making it critical for monitoring possible reversals or continued shorts.
  • The interaction between the range high and lows will likely drive significant market swings.

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Short-Term Outlook

  • BTC shows potential for a short-term increase before a decline, following a shift in momentum at $68,000 support/resistance level.
  • A new bearish channel suggests imminent liquidity sweeps before moving lower.
  • Traders should watch the premium zone high at $72,200 and liquidity between $73,000 and $74,000 for signs of temporary buying interest.
  • A break below $68,000 could accelerate a downturn, reinforcing the bearish trend.

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