Recently, the Bitcoin market has shown new trends, with support levels exhibiting an upward movement, bringing new considerations for investors.



Latest data shows that the strong support area for Bitcoin has moved up to between $103,000 and $108,000. This area not only represents the average cost of short-term holders but also coincides with the 200-day moving average and the active buying range of institutional investors, forming a dual defense line. It is worth noting that the second defense line has also moved up to around $95,000, and these changes suggest that the market bottom is gradually rising.

The changes in support levels are mainly due to two factors: first, large institutions have continued to increase their holdings through ETFs, raising the average cost of positions by about $3000; second, as the price of Bitcoin rises, the 200-day moving average naturally ascends, and the intersection point with the short-term cost price also shifts accordingly.

For individual investors, these changes mean:

1. The window for finding low-price buying opportunities may become narrower. Below $103,000 could be a good entry point, but the likelihood of the price dropping below $95,000 has become very low.

2. The movements of institutional funds seem to suggest that they are optimistic about the future market, with around $95,000 potentially becoming a quality buying opportunity.

Based on the new market situation, investment strategies also need to be adjusted accordingly:

- You may consider starting to buy in batches from $105,000, and if the price approaches $98,000, you can increase your investment appropriately.

- If the price falls below $93,000 and remains there for more than two days, it may be necessary to temporarily withdraw and observe.

The market is constantly changing, and the support levels are also being adjusted. Investors need to pay close attention to the latest data, as this information often reveals the true movements of large funds. When making investment decisions, it is essential to consider the overall market environment and individual risk tolerance, and to act cautiously.
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NFTragedyvip
· 20h ago
The bull run is coming, right! So exciting.
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DefiOldTrickstervip
· 20h ago
Everyone pretends not to understand! Isn't it great to buy the dip with 9w5 malicious swiping?
View OriginalReply0
Anon32942vip
· 20h ago
Hoard some coins and wait for the rise
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