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Technical picture and levels
Lateral movement and the stable "extreme fear" of the popular sentiment indicator indicate ongoing uncertainty and nervousness among market participants.
Bearish scenario
If support $65 500 is broken and the price drops below, the upward structure will be invalidated. The activation of the "gamma effect" will lead to a rapid slide downward.
Some analysts warn: the psychological mark at $60 000 is unlikely to be the final bottom.