đ¨ BTC/USDT Analysis: Key Levels to Watch! đ¨
Bitcoin is currently trading at $63,826, showing a +1.47% gain in the last 24 hours. However, the price sits just below the 60-period moving average of $64,134, indicating some downward pressure. Key support is found at $62,050, while resistance stands strong at $64,500.
For traders, this creates a prime setup! If BTC breaks above $64,500, it could spark a bullish rally. This would be an ideal entry point for those looking to ride upward momentum. Conversely, a dip below $62,050 might signal more downsideâcaution is advised here.
đ Strategy: Consider entering long positions above resistance with a tight stop-loss, or wait for a bounce near support for a potential buy-in. Volatility remains high, so keep your risk management tight!
Happy trading! đ¤ #Bitcoin #CryptoAnalysis BTC
