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Bitcoin slides to two-week low; question is whether it can recover $70,000

Bitcoin fell below $60,000 for the first time in two weeks, but short-term traders see room for a relief rebound toward around $70,000. The drop was linked to accumulated bearish bets and rising funding rates, amid warnings of a sell-off as short positions increased. Some traders expect BTC/USD to trade in a range with $60,000 as a floor through month-end. Broader macro factors and U.S. data are seen limiting risk-asset upside.