🔥🚨 $BTC Update: Critical Levels & Precautions! 🚨🔥
As we highlighted in our last update, Bitcoin has shown strong bullish momentum, reaching the $66K mark as expected. ❤️
Why $66K? 👈💰
This level is critical because it touches a trend line resistance from Bitcoin's previous All-Time High (ATH). Bitcoin has now retested this area but faced its first rejection. If $BTC doesn't break this trendline within the next 48 hours, we could see a major retracement of $4K - $5K, bringing it back to the $62K range.
Bullish Scenario 📈:
If $BTC breaks through $66K, we might witness a retest of $70K. However, as we've been warning, this could be a fakeout! We expect Bitcoin to drop towards $55K in the next two weeks.
⚠️ Precautions:
- 💯 Avoid High Leverage: With volatility increasing, leverage can wipe out positions quickly.
- 💎 Watch for Fakeouts: If BTC pumps but fails to hold above $66K, this could signal a quick reversal.
- 🚨 Set Stop-Losses: Ensure your trades have tight stop-losses around key levels to protect against sudden dips.
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Stay cautious, and always trade wisely! 👈
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