The Bitcoin market has entered an adjustment period since 73843, and there are currently three obvious waves of adjustment. It is not ruled out that there will be a new wave of 5 and 1;
News: Bitcoin will undergo the so-called halving this month, a four-year event that will significantly reduce the new supply of Bitcoin. Due to the upcoming halving, you will see continued strong momentum in the market. After the first three halving events, the price of Bitcoin increased 80 times, 4 times and 6 times respectively in the following year. Therefore, regarding the trend of the market outlook, I personally believe that it will break through the current shock high, and in the long run, Bitcoin is expected to soar to more than $90,000.
The short-term strategy is shown in the figure;
69600-69000 below can be regarded as support, and the pressure above is 72800-73700. This range is a strategy for going long on dips.
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