4H BTC Analysis : Potential Downside Ahead if $68,200 Fails to Break

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In this 4-hour timeframe analysis, Bitcoin (BTC) is showing signs of weakness. Currently, BTC is struggling to break the critical resistance level at **$68,200**. If Bitcoin fails to surpass this level soon, we could see a sharp decline towards **$62,500 or lower**.

This potential downward move could significantly impact the broader crypto market, as altcoins are expected to follow the trend set by Bitcoin. Traders should be cautious and safeguard their positions, especially in altcoins, as BTC’s price action will likely dictate their future movements.

Conclusion :

BTC’s inability to break the $68,200 resistance level could result in a drop towards $62,500. Altcoins will likely experience similar downward pressure, so it’s important for traders to remain vigilant.

Advice :

Consider adjusting your trading strategy based on Bitcoin’s performance around $68,200. If it fails to break, prepare for further declines by setting stop-losses and managing risk carefully. Avoid overexposure to altcoins, which are likely to follow BTC’s trajectory.