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$BTC 06.27 Market Update -
At the close of yesterday's daily candle, Bitcoin broke below the $60,800 daily support level we've been watching. This marks Bitcoin's lowest daily close since September 2024. As of today, we can see the current candle attempting to reclaim that level but being rejected.
In simple terms: If Bitcoin can reclaim $60,800, we can consider $60,000 to $66,000 as the medium-term consolidation range again. But as long as we are trading below $60,800, the probability of further downside toward the $55,000 area increases significantly.
Tokens with high volatility this morning include: AXS, APE, and AAVE.