Technical Analysis:
Bitcoin (BTC/USDT) is currently breaking out from a symmetrical triangle pattern, indicating potential for an upward move. Traders may consider entering long positions, targeting levels around 62,300, with a stop loss at 60,200. Waiting for a confirmed closing above the breakout point could add an extra layer of safety, and it's advisable to trade with smaller position sizes given the anticipation of upcoming news. The overall price structure appears bullish, with increasing volumes signaling that buyers are keen on driving the price higher.
Disclaimer: Trading involves inherent risks and may not be suitable for everyone. Past performance is not indicative of future results. It is important to carefully consider your financial situation and risk tolerance before engaging in trading activities