Bitcoin ($BTC /USDT) Technical Analysis Update and Trading signal 📶👍
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🚨 Current Price: $61,296 (-5.21%)
🔍 Key Trading Data:
24h High: $65,524.01
24h Low: $60,505.00
24h Volume (BTC): 41,683.05 BTC
24h Volume (USDT): 2.64B USDT
📊 Technical Indicators:
Bollinger Bands (20, 2):
Upper Band: $67,337.57
Middle Band: $64,386.37
Lower Band: $61,435.18
📈 Market Depth:
Support: $60,026.25
Resistance: $70,558.74
🔺 Exchanges:
Binance:
Bid: $60,505.00
Ask: $61,296.00
Last Price: $60,026.25
💡 Trading Signal: Bitcoin is currently facing a downturn with a 5.21% price drop over the past 24 hours. If the price falls below the lower Bollinger Band ($61,435.18), it could signal further declines. However, a movement above the middle Bollinger Band ($64,386.37) might indicate a potential recovery.
📌 Recommendation:
Short-term Traders: Monitor for a breakdown below $60,026.25 for potential short opportunities.
Long-term Investors: Watch for a recovery above $64,386.37 as a sign of bullish momentum.
Stay updated for further market movements!
