🚨 Market Analysis 🚨

Despite the overall market downturn, #BTCUSDT shows signs of potential stabilization! 📉🔄

It is maintaining its position around key support levels at $61,000.

Watch out for resistance at $62,000. Will it break higher? #Crypto #Trading #MarketUpdate

Demand Zones (Support):

$60,993 - $61,011: This range includes the recent lows and aligns with the current consolidation zone, representing a significant support level.

$60,500 - $60,800: A previous significant support level, critical if the price breaks below the $60,993 zone.

Supply Zones (Resistance):
$61,110 - $61,200: This range is identified as short-term resistance where selling pressure is likely.

$61,700 - $62,000: A significant resistance level, encompassing recent price action highs.

$62,500: A recent high, significant resistance level.

Key Points:
Short-term Trend: Bearish, with immediate resistance at $61,110. Watch for a break above $61,200 for potential upside momentum.

Medium-term Trend: Neutral to Bearish, potential consolidation if price stabilizes above $61,011.

Long-term Trend: Bearish until price breaks and sustains above the $62,736 level (EMA 200).

Stay tuned for more updates and trade cautiously! 📊💹
#BTCUSDT #Crypto #Trading #MarketUpdate