BTCUSDT Opportunity for a Drop from 60K

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BTCUSDT is trending downward toward the lower end of its consolidation zone. The market has been fluctuating between 52K and 72K since April. Now, it looks poised to retest the bottom of this range, especially after breaking and closing below the key psychological level at 60K. On the weekly timeframe, the price also broke and closed below the prior week's low, forming a significant bearish candle. This suggests that bearish momentum may continue. The target is the support level at 54,000

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Price moved as expected