Technical Analysis Report: $BTC /USDT
Current Price: $60,670.90 (-2.14%)
Resistance: $61,442.76 (white) Support: $60,301.00 (red)
Long Trade:
Entry above $61,442.76 (white resistance)
Targets: $62,412.09, $63,906.57
Stop Loss: $60,301.00
Short Trade:
Entry below $60,301.00 (red support)
Targets: $59,500.00, $58,900.00
Stop Loss: $61,442.76
The overall market structure shows a strong bearish trend (red arrow), as indicated by the series of lower highs and lower lows. A potential bounce from the $60,301 support (white arrow) could provide a bullish opportunity (green arrow), but caution is advised until clear signs of reversal.
