BTC analysis

Bullish Scenario (Price Going Up)
Entry: Enter a long position if the price breaks above the immediate resistance level (e.g., $61,000) with strong volume.
Stop-Loss: Place a stop-loss just below the breakout level or recent support (e.g., $60,500).
Target: Set a profit target around the next resistance level (e.g., $61,500 or $62,000).
Bearish Scenario (Price Going Down)
Entry: Enter a short position if the price breaks below the immediate support level (e.g., $60,000) with strong volume.
Stop-Loss: Place a stop-loss just above the breakdown level or recent resistance (e.g., $60,500).
Target: Set a profit target around the next support level (e.g., $59,000 or $58,500).