Banmuxia: Bitcoin's planned take-profit targets are $98,000, $103,300, and $112,500, with dynamic adjustments based on judgment.
Jinse Finance reported that Chinese crypto analyst Ban Muxia stated, "On the daily chart for bitcoin, the MA5, MA10, and MA30 have formed a golden cross, thus establishing a subsequent support zone between $90,500 and $91,300. If you have previously gone long on bitcoin in the $89,000–$90,000 range, $98,000, $103,300, and $112,500 can be considered as planned take-profit points, and you should adjust your judgment based on market dynamics. However, these take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is now very low."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BBVA Bank forms strategic partnership with OpenAI to accelerate BBVA’s transformation into an AI-native bank
AirAsia subsidiary and Standard Chartered plan to explore stablecoins within Malaysia's regulatory sandbox
