$BTC /USDT Technical Analysis & Market Update
Current Price: $58,783 (+0.35%)
BTC is experiencing a minor recovery but remains under pressure.
Resistance: The immediate resistance level is at $59,244. A breakout above this level could signal further gains.
Support: The nearest support level is at $58,748. Holding this support is crucial to avoid further declines.
Trading Strategy:
- Long Trade: Enter above $59,244, targeting $59,462 with a stop-loss at $58,748.
- Short Trade: Enter below $58,748, targeting $58,577 with a stop-loss at $59,244.
