Bitcoin

BTC Today's strategy

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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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