Bitcoin Technical Analysis - BTC/USDT
Price Update: Currently trading at $61,785.58, experiencing a slight pullback (-3.48%).
🚨 Key Levels to Watch:
🎯 Target 1: $62,814.42 - Aligns with Parabolic SAR (0.02, 0.2). A break above this level could indicate the beginning of a new uptrend.
🎯 Target 2: $64,130.63 - The 24h High is a significant resistance. If BTC breaks through, it might see further gains towards the next major level.
🎯 Target 3: $66,498.00 - This level marks a key price protection point, which could serve as a crucial resistance zone if the bulls regain control.
📉 Support Level: $60,164.00 - The 24h low, holding this level is essential for maintaining upward momentum.
🤖 Market Outlook:
Short-term: Bearish pressure persists.
Potential Reversal: Watch for a push past $62,814.42 as a possible trend reversal sign.
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