$BTC

BTC/USDT Analysis

The BTC/USDT currency pair is experiencing noticeable price fluctuations in recent hours, trading near the support level at $61,000. If this level is broken, we may see a decline towards $59,500, while the nearest resistance is at $63,000.

Technical indicators like the RSI show oversold conditions, which may indicate an upcoming trend reversal. It's important to monitor trading volume, as an increase in volume with rising prices could confirm the start of a new upward wave.

Traders are advised to be cautious and clearly define entry and exit points. Don't forget to use stop-loss orders to protect your capital.

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