Should we be worried? #Bitcoin

In the daily time frame, #BTCUSD recently breached the critical 70K support level.

Additionally, we observe a bearish crossover in the MACD indicator, with the histogram diving below the zero line.

This prompts the question: should we be concerned?

The next crucial support levels, as per Fibonacci retracement levels, lie at 56900 and 52800.

Monitoring closely for potential trend continuation or reversal. #Bitcoin