$BTC /USDT is $60,200.00, with a 24-hour high of $60,280.06 and a low of $59,400.00. The market is showing some volatility, and traders should pay attention to key support and resistance levels. Support is found at $59,936.91 and $59,400.00, while resistance levels are at $60,280.06 and $60,400.00.
For those looking to enter a long trade, a good entry point would be at $60,220.00, with a target price of $60,400.00 and a stop loss set at $59,900.00. Conversely, if youâre considering a short trade, you might enter at $60,100.00, aiming for a target of $59,800.00, with a stop loss at $60,300.00. Itâs essential to maintain a risk-reward ratio of at least 1:2.
Currently, the market sentiment leans slightly bullish, as the price remains near resistance levels. Traders should watch for any confirmed breaks above resistance or below support to guide their trading decisions.
This analysis is meant to help you navigate the market effectively. Always do your own research and consider your risk management strategies before making any trades.
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