On July 3, 2024, Bitcoin's (CRYPTO:BTC) price stands at $60,177, with a trading range from $59,712 to $62,974 in the past 24 hours.

The cryptocurrency's market capitalisation is $1.18 trillion, with a trading volume of $24.36 billion.

Technical analysis reveals consistent bearish signals across various time frames, advising traders to exercise caution.

Despite the overall downtrend, the recent price drop completed a CME gap, suggesting a potential for upward movement.

Key support levels are identified at $59,544, while resistance is around $63,211, with traders advised to consider short positions near resistance.

The 200-period EMA and SMA indicate possible long-term support above $58,000, offering some hope for a bullish reversal if strong confirmation occurs.