Bitcoin's Breakout Fails: Market Eyes $60,000 Support

Bitcoin's recent breakout above $66,000 has failed to sustain, indicating a false signal and reinforcing a bearish outlook. The price is currently trading between $66,000 and $60,000, with $60,000 serving as a key support level.

If $60,000 fails, the market could drop to the $58,000 liquidity zone or even lower towards $45,000, $50,000.

Investors are advised to use a Dollar-Cost Averaging strategy below $65,000 to build positions gradually rather than trying to time the exact bottom, preparing for the next bullish cycle while managing risk in a still bearish macro environment.