Note I am not your advisor (For All )
Just See My Analysis and You All Can Comment as per your opinion (Open)
Currently, Bitcoin (BTC) is trading around $61,423.50. The price has shown a neutral trend, with the RSI in the 30-70 zone, indicating no immediate strong directional move. However, the moving averages on the weekly timeframe show a bullish trend, and the 50-day and 200-day moving averages are positioned as support levels.
Over the next few hours, BTC could experience slight upward movement with a potential to reach around $61,481.00 to $61,670.31 based on current momentum .#TCUptober #BTCâ
For short-term trading, consider the following levels:
âą Support: $60,316
âą Resistance: $62,441
If BTC breaks above $62,441, watch for further gains toward $65,026 or higher. Use a stop-loss around $59,894 (200-day moving average) to manage downside risk .
For a short-term strategy, a cautious buy around the $61,000 level with a target of $62,000+ could be viable, provided the stop-loss is well defined. Avoid large positions given the neutral RSI and recent âThree Blind Miceâ pattern hinting at continued trend uncertainty .
