#比特币行情观察 Chinese crypto analyst Ban Mu Xia stated, “On the daily chart of Bitcoin, MA5, MA10, and MA30 form a golden cross, thus creating a support zone between $90,000 and $91,300. If you previously went long on Bitcoin between $89,000 and $90,000, then $98,000, $103,300, and $112,500 can be considered as planned take-profit points, adjusted according to market dynamics. However, the take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is very low.”
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#比特币行情观察 Chinese crypto analyst Ban Mu Xia stated, “On the daily chart of Bitcoin, MA5, MA10, and MA30 form a golden cross, thus creating a support zone between $90,000 and $91,300. If you previously went long on Bitcoin between $89,000 and $90,000, then $98,000, $103,300, and $112,500 can be considered as planned take-profit points, adjusted according to market dynamics. However, the take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is very low.”