#BTCUSDT BTC/USDT Analysis: Key Levels to Watch
After reaching a pivot top on Friday, September 20, 2024, BTC has been trading in a tight range between $62,500 and $63,500. This consolidation makes it challenging for new traders to find safe entry points in the current market conditions.
For new traders, I recommend waiting for a clear breakout before entering a position. A safe short sell opportunity may arise if BTC breaks below $62,300, with a potential target at the $61,700 level. On the other hand, I don’t recommend taking a long position unless BTC successfully breaks out above $64,200.
Key Levels to Watch:
Short Sell Trigger: Below $62,300, with a target at $61,700.
Long Entry: Only above $64,200.
Patience is key right now. Let’s wait for the market to show its hand before making the next move.
