đš $BTC /USDT Market Update âĄ
Bitcoin is currently trading at $60,660.19, experiencing a slight decline of -0.33% in the past 24 hours. The 24h high reached $61,321.68, while the 24h low touched $58,946.00, indicating significant market movement. Trading volume remains substantial, with 23,710.37 $BTC and 1.43B USDT changing hands, reflecting active participation from traders.
The price is near crucial support and resistance levels, with short-term moving averages showing mixed signals (MA7: $60,439.21, MA25: $60,537.46), while the MA99 at $61,952.22 acts as a potential resistance. The recent bounce from $58,946.00 could signal renewed buying interest, but the price needs to break above key resistance levels for further bullish momentum.
đ Long Trade Setup: If $BTC breaks above $61,321.68, potential targets are: đŻ TP1: $62,000 đŻ TP2: $62,412.09 đŻ TP3: $63,000
đ Short Trade Setup: If Bitcoin dips below $58,946.00, expect increased selling pressure with a downside target of $58,000.
The market remains volatile, so keep an eye on these critical levels for the next big move.
