đš $Bitcoin Trading Update! đđ„đ
Current Scenario: Bitcoin has been on a thrilling ride! The price recently surged, reaching a high of $63,970.10. After a slight pullback, it's currently trading around $63,581.96. Traders, keep your eyes peeled on this one!
Key Levels to Watch:
Resistance: The recent high at $63,970.10 acts as immediate resistance.
Support: A robust support has formed at $61,600.00.
Trading Strategy:
Long Trade: Consider entering a long position if the price breaks above the resistance level at $63,970.10. Aim for a target just shy of the $64,000 mark.
Short Trade: If the price falls below the support at $61,600.00, consider a short position targeting the $61,000 range.
Stop Loss Points:
For a long position, place a stop loss slightly below $61,600.00.
For a short position, set a stop loss just above $63,970.10.
Exciting Opportunities Ahead! This is a crucial moment for Bitcoin traders. The market could pivot in significant ways depending on these levels. Be prepared, and happy trading!
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