🚨 BTC/USDT DAILY ANALYSIS | JULY 8

💰 Current Price: $62,926.10
📈 24H Change: +0.12%

📊 Market Overview

Bitcoin is showing resilience after defending the $61.5K support zone. Buyers have stepped in, pushing price back above both the 10-day and 30-day moving averages. While the short-term trend is stabilizing, BTC still needs a decisive breakout above $63.2K to confirm the next bullish leg.

📌 Key Levels

🟢 Support:
• $62,200
• $61,500
• $60,000 (Major Support)

🔴 Resistance:
• $63,200
• $64,200
• $65,600

🎯 Trading Plan

✅ Buy Entry:
• $62,200–62,500 on pullbacks
• Or after a confirmed daily close above $63,200

🎯 Take Profit:
🥇 TP1: $63,200
🥈 TP2: $64,200
🥉 TP3: $65,600
🚀 TP4: $67,000

🛑 Stop Loss:
$61,300

📈 Market Bias:
🟢 Moderately Bullish

💡 Trader's Note:
Bitcoin is attempting to reclaim bullish momentum after a healthy correction. A sustained move above $63.2K could attract fresh buying pressure, while losing $61.5K would increase the probability of another test of the $60K support zone.

⚠️ Risk Management:
• Never risk more than 2% of your trading capital.
• Wait for candle confirmation before entering.
• Use Stop Loss to protect your capital.
• Secure profits gradually at each Take Profit level.
• Always DYOR before making investment decisions
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