click here to collect NOT Coin 🪙🪙🪙🪙 Bitcoin ($BTC) has shown strong momentum, briefly reaching $60,000 and quickly rising to $61,500, gaining about $1,400 in a short time. In the most recent trading session, $BTC/USDT experienced a significant recovery, bouncing from a low of $60,164 to its current price of $61,212.12, which reflects a 2.24% drop over the last 24 hours. This surge highlights strong buying activity near the $60,500 support level, pushing the price towards a high of $63,084 today.
For those considering a short position, it's important to watch whether the price stabilizes or meets resistance near these levels, as this could signal a potential pullback. A strategy could involve entering a short trade around $61,200, with a stop-loss slightly above $61,300, and aiming for a retest of lower support levels. It's crucial to manage risk carefully due to Bitcoin's volatility and recent upward momentum.
