#BTC🔥🔥🔥🔥🔥
Let's talk about BTC!
In the short term, BTC is testing the lower support range of 116300-116800 to see if it can hold.
If the 116300-116800 range successfully establishes a bottom in the short term, it is expected to break upwards again next week.
However, it is important to note that the UK Treasury plans to sell BTC worth 7 billion to fill the fiscal gap. If this sale is confirmed, it could significantly impact the current price, leading to panic selling and a sharp decline in price.
Therefore, my short-term suggestion is: if you want to trade, consider entering long positions with a stop loss when it reaches the lower support, but keep the stop loss small to prevent extreme market conditions caused by selling. For a more conservative approach, it's best to wait for further confirmation of the news.
Let's talk about BTC!
In the short term, BTC is testing the lower support range of 116300-116800 to see if it can hold.
If the 116300-116800 range successfully establishes a bottom in the short term, it is expected to break upwards again next week.
However, it is important to note that the UK Treasury plans to sell BTC worth 7 billion to fill the fiscal gap. If this sale is confirmed, it could significantly impact the current price, leading to panic selling and a sharp decline in price.
Therefore, my short-term suggestion is: if you want to trade, consider entering long positions with a stop loss when it reaches the lower support, but keep the stop loss small to prevent extreme market conditions caused by selling. For a more conservative approach, it's best to wait for further confirmation of the news.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
117,932.01
-0.90%