US Session Bitcoin technical analysis. Bitcoin BTCUSD is trading during the American session. In an upward trend with some price fluctuations that Bitcoin has been witnessing since the beginning of August. Focus should be on trading strategies based on resistance and support levels. It is currently trading at $60,767. Prices are trading above most of the moving average crosses, which confirms the existence of an upward trend. The MACD indicator also indicates the strength of the upward trend.
Trading strategies based on Buy/Sell levels
| BTCUSD | In case of buying | in case of selling |
| Entry point | 60960 | 60543 |
| Target Point 1 (TP1) | First resistance: 61377 | First support: 60170 |
| Target Point 2 (TP2) | Second resistance: 61470 | Second support: 60000 |
| Stop Loss (SL) | 60543 | 60960 |
The technical indicators used and graphical analysis highlight the relative strength of the assets studied, and help identify potential investment opportunities and associated risks. This technical analysis reflects the importance of integrating modern tools and technologies into the investment decision-making process to enhance efficiency and accuracy. In light of these results, investors can improve their strategies and achieve better performance in the financial markets.
