Is BTC about to break $60k?

After BTC surged high once in this cycle, it started to pull back—more precisely, it began a correction. Late yesterday, the upward move stalled around 64,850. Both times it surged high, it fell back from this same level. The support below is 63,861—roughly a 1,000-point range. After it broke below 63,861, it started trending downward. At the moment, it doesn’t look very bearish. After all, this is just a retest—we’ll see how far it goes. The last time it was around 61,800. This time, as long as it doesn’t break 62,041, things should be fine.

Today is Friday, and Friday itself is usually harder to trade. Let’s look at it this afternoon:
If BTC can rebound and hold above 63,664, the continuation can stop the bleeding. If it keeps failing to rebound and then drops below 63,170 with volume, then this pullback may go toward around 62,000—though that would likely be tonight. During the day, the movement shouldn’t be that big, and there are several support levels below, so you don’t need to worry too much.

Place long orders around 62,820—63,200. $BTC