#/USDT Technical Analysis – Key Levels and Targets
BTC is currently trading at 64,799.84 USDT on Binance, showing a 1.55% increase in the last 24 hours. Traders are watching the market closely as BTC approaches important levels.
Key Levels to Watch:
1. Resistance Level: 65,200 USDT
This is the first major target for BTC. Breaking above this level could indicate strong bullish momentum, potentially leading to higher gains in the near term.
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2. Support Level: 62,670 USDT
This is the lower boundary where BTC found support. If the price falls below this level, we could see more downward movement towards lower support zones.
3. Mid-term Target: 60,958 USDT (MA99)
If bearish pressure intensifies, traders may look at the 99-day moving average as a possible accumulation zone, with this level providing strong long-term support.
Traders should keep an eye on the MACD, RSI, and KD indicators to gauge momentum and potential reversals in the short term. Monitoring the volume trends and market depth is crucial for further insights into market sentiment.#HMSTRonBinance
