đ¨ $BTC /USDT Alert đ¨
Current Price: $61,939.99
Recent Downward Trend Analysis: The chart displays a notable dip as BTC continues to struggle, inching closer to its support level. Here's what traders might consider:
Short Trade: Enter below $61,700. This marks a tentative break of support which could signal further declines.
Targets for Short Position:
TP1: $61,500 â Initial modest support zone, a slight buffer before further drops.
TP2: $61,250 â Near previous lows, a reasonable second step down.
TP3: $61,000 â A psychological barrier and crucial checkpoint for observing market sentiment.
Market Insight: Keep a keen eye on the $61,700 threshold; slipping below could entice more sellers into the market. These targets are carefully selected to capture profit from potential continued downturns while managing risks efficiently. Stay updated and adjust strategies based on real-time market developments.
