Will Bitcoin drop or continue its upward move? (4H)

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In our previous analyses, we noted that Bitcoin is moving within a bearish Diametric pattern and is currently in Wave E.

Our key level remains the $61K zone. If, upon reaching this area, we see a strong reaction and significant buying pressure from large market participants, Bitcoin could rally toward $72K and potentially even higher.

However, if the green support zone is broken, it would indicate that Wave E is still in progress, increasing the likelihood of a drop toward the $56K region.

Let's see how the market unfolds.

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