💥💥💥💥💥💥💥💥Key Support and Resistance levels based on recent price points:

Support: $58,655.2Resistance: $59,598.0
#wrte2earn #BTC‬


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Given the bearish sentiment, a potential strategy could involve waiting for a pullback to the resistance level of $59,598.0, which may act as an optimal entry point for a short position if the price shows signs of rejection at this level. A trader might set a stop loss just above this resistance to limit potential losses in case of a breakout to the upside. The profit target could be set near the support level of $58,655.2, but traders should be cautious and watch for any signs of price consolidation or reversal to exit the trade accordingly. Conversely, if the price consistently breaks above the 20-period MA, this could indicate a trend reversal and might not be suitable for entering short positions.