ChainCatcher Message, Chinese crypto analyst Ban Mu Xia stated, “On the daily chart of Bitcoin, MA5, MA10, and MA30 form a golden cross, thus forming a support zone after 90,000-91,300 USD. If you previously went long on Bitcoin at 89,000-90,000 USD, then 98,000 USD, 103,300 USD, and 112,500 USD 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, because the risk-reward ratio is very low.”
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Banmu Xia: Bitcoin's planned take-profit levels are at $98,000, $103,300, and $112,500, with dynamic adjustments and assessments.
ChainCatcher Message, Chinese crypto analyst Ban Mu Xia stated, “On the daily chart of Bitcoin, MA5, MA10, and MA30 form a golden cross, thus forming a support zone after 90,000-91,300 USD. If you previously went long on Bitcoin at 89,000-90,000 USD, then 98,000 USD, 103,300 USD, and 112,500 USD 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, because the risk-reward ratio is very low.”