Technical Analysis Report: $BTC /USDT: Once again $BTC Started Rising from $60,700 and hit $62,300..

Current Price: $62,262.00. Bitcoin has shown a promising uptick, with a daily increase of 3.83%. The chart displays a strong rebound from the day's low of $59,917.02, reaching a high near $62,294.87.

Resistance is currently set around $62,300, while support stabilizes near $60,754. Considering the bullish momentum, entering a long trade above the resistance with targets at $62,500 and $62,700 could be lucrative.

Short trades might be considered if it dips below the support level, aiming for $60,500 and $60,300 as targets. Keep an eye on hot coins like $ETH and $BNB as they often move in tandem with $BTC in bullish conditions.

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