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๐ Bitcoin (BTC) Market Update โ 9 August 2025
๐น Current Price: $58,240
๐น 24h Change: +2.4%
๐น Market Sentiment: Bullish
๐ Analysis:
Bitcoin has shown a strong bounce from the recent support zone at $56,800. If this momentum continues, the next resistance level will be $59,500. A breakout above this could push the price towards $61,200 in the short term. However, if BTC falls below $57,000, a correction towards $55,500 is possible.
๐ก Trader Tip:
โข Short-term traders: Wait for breakout confirmation before entering.
โข Long-term holders: Buying on dips remains the safer strategy.
๐ Final Thoughts:
The macro market sentiment remains bullish, but risk management is essential. Always use stop-loss
orders and avoid over-leveraging your positions