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Gate Square New & Returning Creator Rewards are ongoing!
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Breaking news! MicroStrategy invests an additional $116 million in Bitcoin, feeling like BTC is about to make a big move. I'm getting pretty excited myself!
Currently, BTC is trading at $93,462, with the bulls holding the advantage. The RSI is at 53.7, indicating a positive trend. From a technical perspective, the support level is at $91,935.76, and the resistance level is at $95,688.24. The key breakout price is $95,219.18. Considering MicroStrategy's big move, there's a high possibility that BTC will break through the key resistance and continue upward.
I already hold some positions. If the price stabilizes above $93,612, I will add to my holdings. The stop-loss is set at $91,935.76; if it drops below that, I will exit to cut losses. The target price is $95,688.24. After breaking through $95,219.18, I will gradually reduce my position to lock in profits. While the market outlook is optimistic, we should remain cautious and not be too greedy.
Come and share your thoughts in the comments! If you find this useful, don't forget to follow, bookmark, and like! Let's ride the waves together in the crypto world!