$BTC is $60,068.93, showing a positive change of 3.95% over the last 24 hours. The highest price reached during this period was $60,625.00, while the lowest was $57,632.62. This indicates a volatile market, and traders should pay close attention to key price levels.
For potential long trades, an entry point around $60,100.00 could be considered, with a target price set at the first resistance level of $60,625.00. If the price moves higher, the second target could be $60,774.62. A stop loss should be placed at $59,500.00 to manage risk effectively.
On the other hand, for short trades, an entry point at $59,500.00 might be appropriate, targeting the first support level at $58,580.21. If the price continues to decline, the second target could be the previous low of $57,632.62. A stop loss for this trade should be set at $60,200.00.
Overall, the market appears bullish, but caution is advised as Bitcoin approaches its resistance levels. Traders should monitor these key points and use stop losses to protect their investments.
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