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Chart Analysis: Bitcoin/US Dollar (BTC/USD) - 4h - Binance
The current chart for BTC/USD on the 4-hour timeframe looks bullish. The price has been making higher highs and higher lows, indicating an uptrend.
Key Levels
- Resistance: $67,000
- Support: $58,500
Indicators
- Price is above $61,184.76, suggesting bullish momentum.
Trading Strategy
- Potential Entry: Look for a long entry around $61,000 if a pullback holds above this level.
- Take Profit: Consider taking profits near $67,000.
- Stop Loss: Below $58,500 to manage risk.
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