The price of Bitcoin has generally remained above $103,000 today, demonstrating strong support. In the short term, after experiencing previous fluctuations, Bitcoin is currently in a relatively stable upward trend and continues to move towards higher prices.👉👉👉
Global economic events have contributed to the rise of Bitcoin. The decision between China and the U.S. to temporarily reduce tariffs has improved investor confidence and encouraged market risk appetite, making funds more willing to flow into risky assets like Bitcoin.
From a technical perspective, Bitcoin is in a strong upward trend. The RSI is above 70, indicating that Bitcoin may be in an overbought state in the short term. This could lead to a slight pullback or sideways consolidation in the upcoming market to digest excessive buying pressure. Investors need to pay attention to potential pullback risks, while closely monitoring factors such as macroeconomic data, policy changes, and market capital flows to adjust investment strategies in a timely manner.
BTCUSD Trading Strategy
buy @ 102700-103000
sl 101000
tp 104000-104200
If you think the analysis helpful, you can give a thumbs-up to show your support. If you have different opinions, you can leave your thoughts in the comments. Thank you for reading!👉👉👉
Global economic events have contributed to the rise of Bitcoin. The decision between China and the U.S. to temporarily reduce tariffs has improved investor confidence and encouraged market risk appetite, making funds more willing to flow into risky assets like Bitcoin.
From a technical perspective, Bitcoin is in a strong upward trend. The RSI is above 70, indicating that Bitcoin may be in an overbought state in the short term. This could lead to a slight pullback or sideways consolidation in the upcoming market to digest excessive buying pressure. Investors need to pay attention to potential pullback risks, while closely monitoring factors such as macroeconomic data, policy changes, and market capital flows to adjust investment strategies in a timely manner.
BTCUSD Trading Strategy
buy @ 102700-103000
sl 101000
tp 104000-104200
If you think the analysis helpful, you can give a thumbs-up to show your support. If you have different opinions, you can leave your thoughts in the comments. Thank you for reading!👉👉👉
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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.
Disclaimer
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.