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Bitcoin Technical Analysis: BTC Slips Below $60K Closing CME Gap

July 3, 2024

Category:

Bitcoin

Bitcoin’s 1-hour chart highlights a downtrend from $63,211 to $59,544, demonstrating strong bearish pressure indicated by increased selling volume near the lows. Key support is noted at $59,544, with resistance around $63,211. Traders are advised to consider short positions on pullbacks near resistance and exit near support levels.

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