$BTC /USDT Technical Analysis & Market Update
Current Price: $59,806.64 (+3.77%)
Bitcoin is experiencing a strong upward movement, approaching its recent highs.
Resistance: The immediate resistance level is at $59,809.65. Breaking above this level could trigger further bullish momentum.
Support: The nearest support level is at $59,185.11. Staying above this level is crucial to maintaining the current uptrend.
Trading Strategy:
- Long Trade: Enter above $59,809.65, targeting $60,200 with a stop-loss at $59,185.11.
- Short Trade: Enter below $59,185.11, targeting $58,500 with a stop-loss at $59,809.65.
