Short - term Trend Recently, the price of Bitcoin has been fluctuating significantly. On March 11, it rebounded from the oversold area but struggled to rise when facing the resistance level. If the bulls can continue to exert force and break through the current resistance level of $80,375.59, it may further climb to $84,119.82. If it fails to break through, it may decline again and even fall below the key support level of $76,605.75. Long - term Trend From a long - term perspective, since its inception, Bitcoin has generally shown an upward - trending price, despite experiencing several significant pullbacks on the way. Some financial institutions and experts are also optimistic about the long - term value of Bitcoin. For example, Standard Chartered Bank predicts that Bitcoin could reach $500,000 by 2028. Market Sentiment and Capital Flow Analysis Market Sentiment Investors' attitudes towards Bitcoin are divided. On one hand, companies like MicroStrategy continue to increase their Bitcoin purchases, demonstrating the firm confidence of some investors in its long - term value. On the other hand, the market's sharp fluctuations have also made some investors worried and cautious, remaining on the sidelines.
Yesterday, I bought near 79,000, and then the lowest fell near 76500, and then increased the position at 77000, and now sell at 81500, waiting for the next buy point
BTCUSD sell @81500-82000 tp: 78000-78500
BTCUSD Buy @77500-78000 tp: 81500-82000
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If trading's got you puzzled or you're not making the money you want, act now! You can join our community or copy my order. We'll help you earn a 300% - 500% weekly profit. t.me/+TP7EYcEZeJwyOTI8
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.