Yesterday, the price of bitcoin initially approached $76,000 before recovering, fluctuating between $77,000 and $82,000
Although Trump signed an executive order to establish a strategic bitcoin reserve, it did not clarify how the government would acquire more bitcoin, which fell short of the "US Treasury's purchase" expected by investors, leading to a wave of selling after the benefits were exhausted. The regulatory policies on cryptocurrencies in many countries around the world continue to tighten, and the ambiguous attitude of the US Securities and Futures Commission on related ETFs has made the market's expectations for the future development of bitcoin unclear. Institutions and large investors have sold off, putting downward pressure on prices.
In the long run, the price of bitcoin remains above the 365-day moving average (about $75,000). If this key support level can be held, it will have a stabilizing effect on market sentiment and may also attract investors to buy dips. If it falls below, it may trigger more panic selling.
Combined with the above factors, today's bitcoin price may continue its recent volatility. If market panic spreads further, or there is new bearish policy news, the bitcoin price may continue to test the support of the 365-day moving average. If investor sentiment eases and there is no further deterioration in macroeconomic data, etc., the bitcoin price may fluctuate around the current price, waiting for new drivers to emerge to upset the balance.
sell:83500-84500 tp: 79000-78500
Buy 78500-79000 tp: 81500-82000
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t.me/+_qXjS2Fz7dE4Mzlk We will share various trading signals every day. Fans who follow us can get high returns every day. If you want stable profits, you can contact me.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.