$BTC is trading at $57,892. Over the past 24 hours, it reached a high of $58,470 and a low of $55,545, showing a price increase of 2.45%. Key resistance is identified at $58,470, with another potential resistance level at $58,616. On the downside, support is found at $55,545 and $56,471.

For those looking to enter long trades, a good entry point would be around $57,900, aiming for a target of $58,470, while setting a stop loss at $57,400. This strategy allows traders to capitalize on potential upward momentum while managing risk.

Alternatively, short traders might consider entering at $57,500, targeting a drop to around $56,500, with a stop loss set at $58,000. This approach is suitable if the price shows signs of declining.

In summary, traders should keep an eye on these key levels. Watching for breakouts above resistance or breakdowns below support will be essential for making informed trading decisions. Proper risk management is crucial in navigating the current market volatility.

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