đ Bitcoin (BTC/USDT) Trading Signal Updateđ
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đ Current Price: $64,160
đ Resistance Level: $61,950 (which has now been successfully breached)
đ Trend:Bullish after breakout, moving upward above the resistance zone.
âĄď¸Analysis:
Bitcoin has successfully broken through the resistance level at $61,950, indicating a strong bullish momentum đ. This breakout is a key signal that the market is pushing higher, supported by strong upward trends. The next significant resistance level to watch is around $64,160, where Bitcoin is currently trading. If it continues to maintain this upward trend, a move toward $68,000 could be expected đ.
đ Support Levels:
âFirst Support: $61,950 (previous resistance, now support)
âNext Support: $59,596
đĄ Recommendation:
â Buy Signal confirmed after the resistance break.
đŻ Target Price: $68,000 in the short term.
â ď¸ Risk Management:
âStop-Loss: $61,950 (new support level to protect gains)
âTake Profit:Set take profit around $68,000 to $70,000.
Disclaimer: DYOR and NFA
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