๐Ÿšจ $BTC /USDT EYEING A BIG MOVE โ€“ WATCH THESE CRITICAL LEVELS! ๐Ÿšจ

Bitcoin ($BTC /USDT) is trading at $68,082.87, showing a modest gain of +0.35%. The chart indicates a consolidation phase after sharp swings, hinting that the next significant move is brewing. Volatility is high, and both bulls and bears are eyeing key levels.

๐Ÿ’ก Key Levels to Watch:

Resistance: $68,850 USDT โ€“ This level is crucial for BTC to break. A push above this could see a rally toward $69,000 or even higher as bullish momentum intensifies.

Support: $67,250 USDT โ€“ A drop below this zone could lead to a further decline toward $66,700 or lower, setting off bearish sentiment.

๐Ÿ“ˆ Entry Strategy:

Long Entry: Look for a breakout above $68,850 with a target of $69,000 or higher. Place a stop loss at $68,000 to manage risk in case of a reversal.

Short Entry: A rejection near resistance could offer a shorting opportunity with a target of $67,250. A stop loss at $68,900 would help limit losses if the price moves against your position.

$BTC

โš ๏ธ Risk Management: Given the current market volatility, stick to tight stop losses and be prepared for rapid movements in either direction. Monitor the key support and resistance zones closely for signs of an impending breakout or breakdown!

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