$BTC is showing strong momentum and is close to breaking its significant resistance at 62,057. A break above this level could see it reaching 63k. It remains in the consolidation phase.
Technical Analysis Report for $BTC/USDT:
- Current price: $61,934.02, down 4.23%
- 24-hour high: $65,524.01
- 24-hour low: $60,505.00
- Resistance level: $62,324.01
- Support level: $61,005.00
For long trades, consider entering above $62,104.01 with targets at $62,410.00 and $62,670.00. For short trades, enter below $61,205.00, targeting $61,005.00 and $60,780.00. Keep a close watch on the substantial trading volume, with 38,661.36 BTC and 2.43B USDT traded in the last 24 hours.
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