đ Bitcoin Price Update: Key Levels & Strategy for Traders đ
Bitcoin (BTC) is trading around $60,700, showing strength after its recent pullback. The price is now approaching critical resistance at $61,000, and breaking this could push BTC toward the next target around $65,000. On the downside, the $59,000 support level acts as a solid cushion for traders eyeing a buy-in during pullbacks.
đŻ Entry Strategy: Consider entering near support around $59,000 for a low-risk buy. Momentum traders can also wait for a breakout above $61,000, confirming further bullish action. Watch the derivatives market closely, as current data hints at short-term caution, though overall sentiment remains positive.
Stay updated and manage your risks with clear stop-losses!
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