The current entry point is high-risk, given that we have yet to see a clear confirmation of downward momentum. I anticipate a potential retest around the $63,700 level before any significant push towards higher targets within this bullish trend.
However, this idea is more of a general strategy rather than an exact entry point. For precision, I would require bearish confirmation across multiple timeframes—specifically, daily, 4-hour, 1-hour, and 15-minute charts—with a close below $64,000.
There is a strong likelihood that if we see a confirmed close below $63,640, we could witness a retest of $63,200, with the potential to dip further toward $62,000.
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