BTC Technical analysis:
BTC has experienced a sharp rejection near the $60,000 mark, as indicated by the strong red candle in the last few hours. The RSI has dropped significantly, moving from overbought territory back towards the mid-40s, signaling a potential slowdown in buying momentum. The MACD also shows a bearish crossover, with the histogram dipping into negative territory, suggesting that bearish pressure could intensify in the short term. Watch for support around the $58,500 level; if it breaks, we could see further downside.
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