🚨 Bitcoin Update: Rejected from Resistance
Market Overview:
Bitcoin ($BTC) has faced yet another rejection from the Bull Flag Resistance Line, signaling potential turbulence ahead. As the market adjusts, I'm expecting a significant correction, with BTC/USDT likely to test the $45,000-$50,000 level before finding its footing for the next leg up. 📉
⚠️ Caution:
It’s wise to avoid buying until the market stabilizes. Ongoing global uncertainties, especially regarding recent war news, are contributing to increased volatility. Stay alert! 🌍
Key Levels to Watch:
Support Level: $48,000
This level is crucial for maintaining bullish momentum. Keep an eye on it as a potential bounce point. 🔍
Resistance Level: $66,000
A breakout above this level could signal the resumption of the bull market, leading to new highs for Bitcoin! 🚀
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