$BTC /USDT pair is currently trading at $57,726.00, showing a slight increase of 0.23% in the last 24 hours. The price has fluctuated within a defined range, with key levels of support and resistance that traders should watch closely.

The main resistance level is at $58,588.00, which is the recent high. If the price can break above this level, it may signal a bullish trend. On the other hand, the critical support level is at $57,345.23. If the price falls below this point, it could indicate bearish momentum.

For a long trade, consider entering at $57,750.00 with a target of $58,500.00 and a stop loss at $57,300.00. This strategy relies on a breakout above the key resistance level. Conversely, for a short trade, you could enter at $57,500.00, targeting $57,200.00, with a stop loss set at $57,800.00. This approach is based on the potential for a downward movement if the price drops below support.

Overall, traders should keep an eye on these key levels and adjust their strategies accordingly. Staying informed about market news and monitoring volume changes will help in making better trading decisions.

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