$BTC recent price action indicates a
$BTC short-term pullback after reaching $BTC highs around $60,000, dipping to $59,488.52. Market sentiment remains cautious ahead of potential Federal Reserve rate cuts, with expectations that BTC could stay in the range between $53,000 and $61,000 before the next major movement. Traders are keeping an eye on key support levels around $59,400 and resistance near $60,625. Enter long positions above resistance with targets at $61,000 and $62,000, while short trades can be entered below support, with targets at $58,500 and $57,800. As the market consolidates, there's a strong possibility for volatility, particularly tied to broader economic developments.
Make sure to stay alert as market trends can change rapidly, especially with the upcoming Fed decisions, which may significantly impact Bitcoin's performance.
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