Analysis of the pair $BTC/USDT
Today Bitcoin showed an interesting movement, oscillating between quite relevant support and resistance zones. On the 4h chart, I noticed strong support around $66,000, while resistance remains firm close to $70,000. Using moving averages and RSI, I perceive that BTC still has room for correction before resuming a stronger upward trend.
My current strategy is to watch for possible short entries with a tight stop below the support. Volatility remains high, so risk management is essential. In the long term, I remain optimistic about BTC due to the growing institutional interest.