BTC/USDT Analysis: Key Levels and Entry Strategy at $60,710
Bitcoin is currently trading at $60,710, showing a 2.75% decline over the past 24 hours. The price recently found support at $60,301, suggesting this level as a critical zone for buyers. If BTC holds above this support, we could see a rebound toward the next resistance at $61,397, with further upside potential to $62,543 if momentum continues.
For traders, entering near the current price with a stop-loss below $60,300 could offer a solid risk-reward setup. If Bitcoin breaks above $61,397, it could trigger a bullish rally. However, failure to hold this support may lead to further downside pressure.
MACD shows early signs of bullish momentum, but volume and confirmation of strength are essential to watch for the next decisive move. Bitcoin remains poised for action, with both risk and reward on the table for traders.
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