*Technical Analysis: $BTC/USDT*
After a significant correction to $52,300, Bitcoin is finally exhibiting upward momentum, breaking above $54,000. Here's a detailed analysis:
*Current Price:* $54,041
*Resistance:* $54,048
*Support:* $53,745
*Long Trade:*
- Enter above $54,048
- Targets: $54,150, $54,250, and $54,350
- Stop loss: $53,745
*Short Trade:*
- Enter below $53,745
- Targets: $53,630, $53,500, and $53,400
- Stop loss: $54,048
Note: This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research and risk management strategies before entering trades.
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