The BTC 4-hour chart shows a significant breakdown below the descending channel, indicating strong bearish momentum. The price is now testing a crucial support level of around $50,808.76. Traders should watch for a potential bounce or further decline, with the next support around $50,000. Resistance levels to watch are $55,400 and $60,000.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
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