$BTC TECHNICAL ANALYSIS - LONG TRADE SIGNAL
Trade Setup:
LONG ENTRY: 95000 - 105000
TP1: 150000
TP2: 200000
TP3: 250000+
SL: 85000
Short Outlook of Market:
The given chart, from Michael Saylor's portfolio tracker, demonstrates MicroStrategy's dollar-cost averaging (DCA) strategy for Bitcoin. The orange circles represent purchases made at various price points, highlighting a consistent accumulation strategy over a long period, regardless of short-term price fluctuations. The price has been steadily increasing, with each purchase contributing to a strong overall portfolio gain. This pattern, combined with Saylor's public statement that "Bitcoin is still on sale," reinforces a long-term bullish outlook. The chart shows that despite minor pullbacks, the general trend for Bitcoin has been strongly upward, making the current levels an attractive entry point for those with a long-term bullish conviction.
