đ˘đ¨ $BTC Alert for bullish run đâ
Current Price: 60,430.00 USDT
24-Hour Change: -2.35%
Key Levels to Watch:
Resistance: 62,390.31 USDT
Support: 59,828.11 USDT
Technical Analysis Overview: BTC/USDT is currently navigating a narrow range between the recent 24-hour high and low. After a mild decline, the price seems to be consolidating around 60,430.00 USDT on the 4-hour chart. The current market setup shows a potential rebound area, but resistance at 62,390.31 USDT could cap upward movements.
Trade Suggestions:
Long Trade: Consider a long entry if the price breaches above 62,400 USDT, with a target towards 63,000 USDT. Place a stop loss slightly below 60,000 USDT.
Short Trade: A break below 59,800 USDT could initiate a short position, targeting the 59,000 USDT level with a stop loss set above 60,500 USDT.
Outlook: The Bitcoin market is exhibiting signs of indecision, but a breakout above the resistance or below the support could define the next clear move. Traders should keep an eye on volume and global market sentiments to gauge directional bias. Be prepared for volatility and adjust your strategies accordingly!
