$BTC is currently trading in a range with significant intraday volatility, hovering around $59,000, still below the $60,000 mark. The support zone of $58,860 to $59,500 remains intact. The market is in a corrective phase with choppy, sideways movement and several possible patterns complicating predictions. A break above $62,500 could signal a rally to the upside, while a dip below $59,580 might indicate a drop to the mid-$40,000 range. Traders should be cautious, as sideways markets can be tough to navigate. It’s crucial to wait for a clear trend and be ready for sudden market shifts.
Trading Setup for #Bitcoin :
Buy Limit (BL): $60,000
Stop Loss (SL): $58,500
Take Profit (TP): $62,500
