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BTC/USDT Analysis: Price at $65,493.99

BTC/USDT is currently trading at $65,493.99, showing strong bullish momentum with a +4.70% rise in the last 24 hours. The price is pushing towards the resistance level of $65,500, a key barrier that, if broken, could ignite further upward momentum. Support sits at $64,660, where buyers have stepped in previously, providing a potential safety net for any pullback.

The Parabolic SAR confirms the bullish trend, as dots remain below the price, while the MACD shows a bullish crossover, indicating strong buying pressure. For traders looking for entry points, a break above $65,500 could offer a great buying opportunity. Conversely, if resistance holds, taking profits near this level or placing sell orders near support at $64,660 could be a wise risk management strategy.

As volume remains strong and momentum builds, staying alert to any breakouts or reversals will be key. Keep a close eye on this level as Bitcoin’s next move could offer significant trading opportunities!

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