Let's do a simple analysis of BTC

To analyze Bitcoin's movement accurately, you should pay attention to the current support and resistance levels in the market. The main support level to watch is $60,000. Breaking this level could lead to a deeper decline, perhaps towards $55,000 or lower, especially if selling increases. On the other hand, if it holds above $60,000, the rise could continue towards $70,000. Technical patterns indicate a greater potential for a rise such as the Flag pattern, and momentum indicators such as the Relative Strength Index (RSI) should be followed to accurately determine the market direction.

Tips:$$BTC

1. Place stop loss limits below $60,000 to ensure capital protection.

2. Monitor trading volume to determine optimal entry and exit points.