Bitcoin is currently trading in the $59,350–$59,500 range, maintaining a downward trend driven by recent ETF outflows and concerns regarding interest rates.


The current technical outlook and critical levels are as follows:
Current Situation: Selling pressure intensified after the price dipped below the $62,000 mark. It is exhibiting a negative trend, having lost approximately 2.1% over the last 24 hours.
Support Levels: Should the downward movement continue, the $58,900–$58,100 range is being monitored as the most critical key support zone from a macro perspective. A break below this zone could accelerate the decline.
Resistance Levels: In the event of potential rebound buying, the first strong resistance is at $60,800, followed by the psychological threshold of $62,000. Sellers may retain the upper hand unless the price can sustain itself above these levels.
BTC-2.74%
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