Based on the chart and market data from Binance:
Current Market Overview:
$BTC /USDT Price: $84,285.51
24h High: $84,676.28
24h Low: $83,618.00
Recent Trend: Sideways movement after a recent high near $85,309.71
Moving Averages: Short-term trend shows slight consolidation
Sell or Hold Decision:
1. Hold if:
You are a long-term investor (BTChalving and ETFs may push prices higher).
Bitcoin remains above key support levels ($83,600 - $84,000).
Market sentiment remains bullish with increasing volume.
2. Sell if:
Price struggles to break $85,000 resistance and drops below $83,600.
Volume decreases, indicating weak momentum.
Short-term traders want to secure profits before a potential pullback.
Conclusion:
For long-term holders, holding is advisable as $BTC still has bullish momentumr short-term traders, consider selling if Bitcoin fails to break resistance or starts declining toward $83,000. #BNBChainMeme
I feel like there is a huge drop on
So try to Sell $BTC and buy again at 78K
This may be sentimental incident of MARCH 16 2023.
Be cautious and try to make right decision at right time