đ $BTC /USDT Approaching Key Levels â Big Move Imminent đŻ
Bitcoin is currently trading at 62,653.32, down by 0.74%. With the recent dip touching 62,050.00, buyers are stepping in, trying to regain momentum. The 24-hour high stands at 63,388.00, highlighting resistance that must be broken for $BTC to maintain its upward trajectory. As the battle between bulls and bears intensifies, this range presents great trading opportunities.
đĄ Key Levels to Watch:
Support: 62,050.00
Resistance: 63,388.00
Moving Averages: MA(7) at 62,531.22 and MA(25) at 62,850.28 suggest consolidation, but a breakout is likely to occur soon.
đŻ Targets to Watch:
1. Target 1: 63,480.00
2. Target 2: 64,000.00
3. Target 3: 65,000.00
đ Trade Setups:
Long Trade: If $BTC breaks above 63,480.00, expect a rally toward 64,000.00 and beyond. Use 62,050.00 as a stop-loss to manage risk.
Short Trade: If the price falls below 62,050.00, consider targeting 61,500.00. Use a stop-loss above 62,500.00 to limit losses.
⥠With trading volume reaching over 661.73 million USDT, the market shows strong activity. A breakout from this range could trigger a significant move, so stay alert to catch the next trend.
