đ Bitcoin Trading Insights đ
đ Support & Resistance Levels Bitcoin is currently trading between key support at $62,856 and resistance at $64,750. These levels are crucial as they indicate potential price reversals or consolidations.
đ Entry Strategy For a bullish entry, look for a breakout above $64,750 with strong volume. This could signal a continuation of the upward trend. Conversely, a dip to $62,856 might be a good buying opportunity if the support holds.
đ Indicators The RSI is showing a neutral zone, suggesting neither overbought nor oversold conditions. The MACD is slightly bullish, indicating potential upward momentum.
đĄPro Tip Combine these levels with moving averages (MA7 and MA25) for more accurate predictions. Always keep an eye on broader market trends and news.
Happy trading! đđ
