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BTCUSD at the current price of 59147. The market analysis sugges

Long
COINBASE:BTCUSD   Bitcoin
BTCUSD at the current price of 59147. The market analysis suggests several support levels that bolster this decision. The first support level is 60101.13, which indicates a potential price floor. The next level of support is at 60974.19, providing another layer of stability. Additionally, there is strong support at 61560.12, reinforcing the market's upward momentum.

However, it's crucial to manage risk effectively. If the market moves against the position, a stop loss should be set at 58500.10. This stop loss will help mitigate potential losses and protect the investment. The current trend and support levels indicate a favorable buying opportunity for BTCUSD, making it a strategic time to enter the market

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