$BTC Technical analysis report
The $BTC /USDT pair is currently trading at $59,844.39, up 2.36%. With a 24-hour high of $60,400.00 and a low of $58,288.19, the price is demonstrating a strong upward momentum. The significant 24-hour trading volume of 20,183.30 BTC ($1.20B USDT) indicates high market activity.
For profitable trades, investors could consider a long entry if the price breaks above the 24-hour high of $60,400.00, targeting higher resistance levels. Conversely, a short entry may be optimal if the price drops below $58,288.19, with a stop-loss set just above this level to manage risk.
This strategy leverages the current market volatility for potential gains.
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