$BTC /USDT is $59,771.11, reflecting a 2.66% increase over the past 24 hours. The highest price in this period reached $60,625.00, while the lowest was $57,632.62. Traders should pay attention to these key levels as they indicate potential areas of resistance and support.

For those looking to enter a long position, a good entry point would be around $59,800, aiming for a target of $60,500. A stop loss can be set at $59,200 to limit potential losses. On the other hand, if the price starts to decline, a short position could be considered at $59,500, with a target of $58,500 and a stop loss at $60,000.

Overall, BTC/USDT is showing some positive momentum, but traders should remain cautious. Watching the price action around the key resistance and support levels will be crucial in making informed trading decisions. Keeping an eye on trading volumes is also important, as they can signal stronger trends.

In summary, this analysis provides a straightforward approach to trading BTC/USDT. By following these strategies and maintaining good risk management, traders can navigate the current market conditions more effectively. Always stay updated on market trends and news that could influence price movements.

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