$BTC #BTC/USDT – A Comprehensive Guide to Finding Market Direction
The most watched and traded coin pair in cryptocurrency markets is undoubtedly the BTC/USDT pair. Bitcoin (BTC), as the market leader, is the main source of every significant movement. Since USDT is a stablecoin, we can use it as a base currency to reduce risks.
Today, traders in the BTC/USDT pair are mainly focusing on the $62,500 and $65,000 levels. $62,500 is a strong support level, and any "bounce" that forms here could indicate a buyer's advantage in the short term. If this support breaks, the $60,000 zone could be the next target.
Macroeconomic news, especially the interest rate decisions of the US Federal Reserve (FED), can change the direction of the BTC/USDT pair. Additionally, spot ETF news can also lead to sudden jumps in Bitcoin prices.
When trading throughout the day, monitoring volume, EMA indicators, and RSI signals will help make more accurate decisions in BTC/USDT. Paying attention to risk management is a must!
