$BTC Technical Analysis

$BTC have strong resistance at 58,312 and if it Break this resistance it will hit 59k soon.

The $BTC /USDT pair is trading at $58,024.92, showing a 3.03% increase. The 24-hour high is $58,296.00, and the 24-hour low is $56,200.00, with a trading volume of 27,982.29 BTC and 1.60 billion USDT.

Given the current price range, traders might consider entering a long position around $56,500.00, close to the 24-hour low, to benefit from potential upward momentum.

For short positions, an entry around $58,200.00, near the 24-hour high, could be strategic if the price encounters resistance. Utilize appropriate risk management techniques for optimal trading outcomes.

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