Technical Analysis:
BTCUSDT is currently trading within a channel after experiencing a significant downside move. The market appears to be stabilizing at current levels. A potential long setup will emerge if the price breaks above the 58,800 level, while a short setup will be considered if it drops below the 57,600 level. Until one of these levels is breached, it is advisable to avoid entering any trades and wait for a clear direction to form before taking action.
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