đ $BTC/USDT Approaching Key Levels â Big Move Coming Soon đŻ
Bitcoin is trading at $62,653.32, down 0.74%. After dipping to $62,050.00, buyers are stepping in to regain momentum. The 24-hour high of $63,388.00 shows a resistance level that Bitcoin needs to break for the upward trend to continue. As bulls and bears battle it out, this range offers great trading opportunities.
đĄ Key Levels to Watch:
Support: $62,050.00
Resistance: $63,388.00
Moving Averages:
7-day MA: $62,531.22
25-day MA: $62,850.28
These suggest consolidation, but a breakout is likely soon.
đŻ Targets to Watch:
1. Target 1: $63,480.00
2. Target 2: $64,000.00
3. Target 3: $65,000.00
đ Trade Setups:
Long Trade: If Bitcoin breaks above $63,480.00, expect a rally towards $64,000.00 and beyond. Set your stop-loss at $62,050.00 to manage risk.
Short Trade: If the price drops below $62,050.00, aim for $61,500.00. Use a stop-loss above $62,500.00 to limit losses.
⥠With a trading volume of over 661.73 million USDT, the market is active. A breakout from this range could lead to a big move, so stay alert for the next trend!#BTCâ #bitcoinâïž #CryptoDecision #Write2Earn! #writetowin
