Analysis for $BTC on 10/07/2024

Technical analysis:

1. Price forecast (short-term and medium-term):

o Short-term forecast: The price is currently at $63,371.99, and the current candle indicates an attempt at correction after a strong rise. The nearest resistance level is $64,583.14, where the 27% Fibonacci retracement level is located. If this level is broken, the next target will be $66,240.

o Medium-term forecast: If the rise continues, the price may target $66,240 and above. If it bounces down, the nearest support level is around $61,700. Breaking this level may increase pressure on the price, and it may fall to $60,297.

⚠️ Overall conclusion: BTC remains in an uptrend despite the current correction. The probability of continued growth is high provided the price holds above $62,835. Entry points for a long position look promising at $62,835 and a breakout of $64,583.