Bitcoin Market Observation

Chinese crypto analyst Ban Mu Xia stated:
“On the daily chart of Bitcoin, MA5, MA10, and MA30 have formed a golden cross, creating a support zone between $90,000 and $91,300. If you previously went long on Bitcoin between $89,000 and $90,000, then $98,000, $103,300, and $112,500 can be considered planned take-profit points, adjusted according to market dynamics. However, these take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is very low.”