$BTC Long or Short:
The price is showing signs of a bullish recovery after a recent dip. The movement above the short-term moving averages and a slight pullback suggests a long position may be a better option.
Where to Buy:
You could consider entering a long position around the current price 62,500. Another potential entry would be near the MA10 at 61,500, which may act as a support level if the price dips slightly.
Take Profit:
You can target the next resistance level at 63,400 for the first take profit.
If momentum continues, a second take-profit target could be set around 64,000 or 64,400, the previous high.
Stop Loss:
A stop loss can be placed around 61,800 (just below MA30) or slightly lower near 61,500 (MA10). This will minimize losses if the price reverses and breaks below support.