### Trade Alert: $BTC Update

**Current Price:** $61,400

**Key Observation:**

- The price of $BTC has successfully bounced off our designated entry area, affirming the support level we anticipated.

**Recommended Action:**

- **Adjust Stop Loss:** It’s advisable to move your stop loss to the entry point. This will eliminate any risk on the trade, allowing you to secure your initial investment while remaining in a potentially profitable position.

**Next Steps:**

- Keep a close watch on the price movements. If $BTC continues to rise, consider reevaluating your targets for taking profits.

- Stay updated on relevant market news and trends that could influence $BTC's price trajectory.

**Conclusion:**

By shifting your stop loss to the entry level, you can trade with confidence, minimizing risk while allowing for further upside potential. Monitor the situation and be prepared to adjust your strategy as necessary.