I also believe that the main support level for Bitcoin is in the 69000--73000 range. Once it reaches this position, it is the best area for gradually increasing positions.
分析师舒琴
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Come, let's take a look at the current market. Bitcoin has touched last year's high of 74,000, which has certain support. The range from 74,000 to 70,000 is very strong support. Selling off and shorting here is very unwise; if you have extra money, you can buy some at the bottom. If there are no other stimuli this week, there is a chance for a short-term rebound to 80,000, which may not happen on Monday but could be on Tuesday or Wednesday.
However, a complete market reversal will have to wait until Bitcoin breaks through the downward trend line on the right. That will be the time for you to enter on the right side with a large position. It looks like May is the target; coincidentally, the Federal Reserve's meeting in May will discuss interest rate cuts, and then starting in June, there may be consecutive cuts of 4-5 times. This would be pure profit, and by then, the tariff panic should also be over.
So, this is my view on Bitcoin's short-term and long-term prospects. This market is very difficult for me, just like everyone else, but please remain calm. Think carefully before taking action, and do not make moves that you will regret later. Let's get through this most challenging time together, keep it up!
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