BTC/USDT 2HOUR CHART UPDATE !!

2 Eyl

BTC/USDT is currently trading at $57,661, up 0.41%. The 2-hour chart shows that BTC trades within a descending channel, with immediate support near $57,300. The price has bounced off the lower boundary, indicating potential for a short-term upward move. Immediate resistance lies around $59,700, where the upper boundary of the descending channel intersects. A breakout above this level could drive BTC towards the $61,000 zone. Conversely, a failure to maintain current support could lead to a further decline towards $56,500. Watch for volume spikes as an indicator of potential breakout strength.

Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!