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Bitcoin has had a rocky run—shifting back and forth and striking the 61,000 mark twice, before finally coming under pressure and pulling back to adjust around the 60,000 area.
From a short-term perspective, there is still room for another pullback lower. The support below sits around the 59,000 zone. If you’re holding up positions at the highs, you can lighten up and look lower.
Before the US session, wait and watch; by then, we will plan for the Nonfarm Payrolls.