Today’s market felt both interesting and a bit risky.

💹 Bitcoin has broken below the key $60,000 support level, and so far, there hasn’t been a strong bounce from the buyers. In my opinion, there are a few major reasons behind this move:

1️⃣ Global uncertainty: The U.S. inflation data is coming soon, and the market is acting cautious.
2️⃣ Whale pressure: Some large wallets have made heavy transfers seems like they're booking profits.
3️⃣ Funding rates: The futures market is overloaded with short positions, which is fueling even more panic.

📉 My personal take:If BTC manages to hold around $58,500, we might see a short-term bounce.
But if it breaks that too, then $55K could be the next strong support. For long-term investors, this may be a good DCA zone, but for short-term traders, it's definitely high risk right now.

My own strategy:I’m avoiding high leverage for now and slowly buying on spot. For me, entering without confirmation in this kind of market is just too risky.

What do you think?Will BTC recover from here, or are we headed lower? Is this a good time to enter altcoins?

Share your thoughts or analysis in the comments I’d love to hear your views!

This is my trading link:- 🔗 https://www.gate.com/signup?ref=VLFDUVAOUQ&ref_type=107

I won not force anything on you it is your call.
I can provide guidance, strategies, and forecasts in trading or copy trading, but the decision should come from you.