$BTC 15 minutes chart update: Support Levels:
1. Immediate Support - $58,799.31:
• The first support level is around $58,799.31, where the price recently bounced from. This level could act as immediate support in case of a pullback.
2. Stronger Support - $58,602.44:
• Below that, $58,602.44 is another support level. A pullback to this area could still maintain the bullish momentum if buyers step in.
3. Critical Support - $57,382.93:
• The critical support level is around $57,382.93. If the price were to fall to this level, it would likely be a key area to watch. A break below this would signal potential invalidation of the short-term bullish trend.
Resistance Levels:
1. Immediate Resistance - $59,460.71:
• The immediate resistance is around $59,460.71. The price is likely to face selling pressure at this level, so breaking above it could signal further upside.
2. Stronger Resistance - $60,425.59:
• If the price continues upward, the next major resistance is at $60,425.59. This level coincides with previous highs and could be a strong barrier to the bullish momentum.
3. Upper Resistance - $61,068.09:
• If the bullish momentum is strong, the next resistance to watch is $61,068.09. Breaking this level could signal a significant reversal in the short-term trend.
For Long Positions:
• Consider entering on a pullback near the $58,799.31 or $58,602.44 support levels, with a stop loss just below $58,602.44.
• Aim to take profits near the $59,460.71 or $60,425.59 resistance levels, depending on how strong the momentum is. For Confirming Breakouts
Watch for a break and close above $59,460.71 with strong volume for confirmation of a bullish continuation. If this happens, the price may aim for the next resistance around $60,425.59.