$BTC /USDT Market Update
Current Price: $63,531.01 (-1.04%)
Bitcoin has experienced a pullback after reaching a high of $65,000, with the price now hovering around the $63,500 mark.
Resistance: The immediate resistance is at $63,870. A break above this level could see BTC retest $64,000 and potentially move towards $65,000 again.
Support: Key support lies at $63,061. A break below this could lead to further declines towards $62,500.
Trading Strategy:
- Long Trade: Consider entering above $63,870, targeting $64,500 and $65,000 with a stop-loss below $63,000.
- Short Trade: Enter below $63,000, targeting $62,500 and $62,000 with a stop-loss above $63,870.
