Bitcoin at a Critical Level — High Volatility Expected This Week

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Bitcoin at a Critical Level — High Volatility Expected This WeekBitcoin / TetherUSBINANCE:BTCUSDTCRYPTO_HUUNTERThis week could be highly volatile for the crypto market. Several major macro events are scheduled: Tuesday: U.S. CPI release Wednesday: U.S. PPI release Federal Reserve Chair's speech Ongoing escalation of geopolitical tensions in the Middle East With these catalysts approaching, the probability of fake breakouts, false moves, and sharp volatility is significantly higher than usual. 📊 Technical Outlook From a technical perspective, Bitcoin is trading at a critical level. Price is currently testing the upper boundary of the red box on my chart. Markets usually don't spend much time at key breakout levels. Either: Buyers step in and push price higher, confirming the breakout, or Sellers regain control and force the market back into the range. 📈 Long Setup Long Trigger: $64,499 First Target: $67,302 I recommend placing a stop-buy order in advance rather than chasing the breakout if it happens. 📉 Short Setup Risky Short Trigger: $63,744 Personally, I'd prefer to wait for one more bearish leg before becoming more confident in opening a short position. 🔑 Key Support My overall view remains unchanged: As long as $60,130 holds, I continue to favor the bullish scenario. Losing this level would significantly weaken the outlook and increase the probability of a deeper decline.