Hello everyone! Hope you're doing well!
We're expecting some sharp moves from Bitcoin this week.
🔻 Four days from now (July 5), Bitcoin could form either a major bottom or a significant top, which may signal a potential trend reversal.
If the price rallies before July 5 and forms a strong local high, we could see a deeper correction afterward.
On the other hand, if Bitcoin continues to decline into that date, it may create an important bottom, providing the foundation for a bullish reversal.
We've illustrated both scenarios in the chart.
📉 If Bitcoin loses the $58,330 support level, the next downside targets are:
• $57,500
• $56,562
• $53,519
⚠️ As always, wait for confirmation before entering a trade, and don't forget to manage your risk.
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