After a significant dip, Bitcoin ($BTC) is now showing signs of recovery. As previously mentioned, consider taking long positions on multiple coins.
Current Data (BTC/USDT on Binance)
- Price: $57,722.01
- 24-Hour Change: -2.23%
- 24-Hour High: $59,470.00
- 24-Hour Low:$57,050.00
- Trading Volume:23,960.23 BTC
- Trading Volume (USDT):$1.39 billion
The current price is below the 24-hour average, indicating a short-term bearish trend.
Trading Strategy
- Short Entry:Consider entering a short position if BTC breaks below the $57,050.00 support level, targeting lower prices.
- Long Entry:Consider entering a long position if BTC surpasses the $58,474.91 resistance level, aiming for higher gains.
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