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Analyzing the latest BTC/USD chart, we see Bitcoin trading at $61,226 with a recent high of $63,958.56. Key support is identified around $61,198.22, acting as a strong floor where buying interest is high. Resistance is noted at $63,958.56, a ceiling where selling pressure could increase.
Entry Strategy Consider entering a long position near the support level, anticipating a bounce back. Watch for a breakout above resistance for potential gains. Utilize indicators like Moving Averages (MA7 and MA25) and MACD for confirmation. Always set stop-loss orders to manage risk effectively.
Stay informed, trade smart, and ride the Bitcoin wave! đđ
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