BTCUSDT is in a stable uptrend, trading around $58,398 with a short-term target at $59,375, a crucial resistance level. If this level is breached, the price could reach $60,059.
The EMA 34 and EMA 89 act as dynamic support for the current trend, as long as the price stays above these levels, indicating continued bullish momentum.
In terms of news, U.S. inflation and monetary policy updates are significantly affecting the crypto market, especially Bitcoin. U.S. CPI data suggests higher inflation, putting upward pressure on the USD, which could challenge BTC's ability to break key resistance levels.
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