BTCUSDT · Bitcoin

Analysis

This timeframe is firmly in buyers' hands with the uptrend extending. While $61,297 holds, each dip is a buying opportunity rather than a threat. Price is currently about 4.7% above this level. The $62,529-63,478 area is an untouched demand zone that could serve as a solid long entry. On a pullback into this zone, a confirmation on a lower timeframe makes for a low-risk setup.