๐จ $BTC /USDT Technical Analysis & Market Update ๐จ
Current Price: $59,321.43 (-0.18%)
Bitcoin is showing some slight downward pressure, currently trading at $59,321.43. The 7-day MA is at $59,425.53, slightly above the 25-day MA at $59,424.75, indicating potential resistance. The 99-day MA at $59,255.93 provides a crucial support level.
Resistance is located at $59,700.00, which was tested earlier today. If BTC fails to break through this level, we might see a continuation of the downtrend. Support is found at $59,060.00, where a drop below could signal a more significant bearish move.
Long Trade: Enter above $59,700.00, then Targets: $60,000.00, $60,500.00
Short Trade: Enter below $59,060.00, then Targets: $58,800.00, $58,500.00
