Bitunix analyst: BTC should avoid chasing highs when it encounters resistance in the short term, and long-term positions can be built in batches in t
On March 15th, Bitcoin rose by 2.913% in the past 24 hours, with the current price at $84,142. However, a decrease in consumer confidence may signal a weakening of economic activity, which could impact the demand for risk assets such as Bitcoin.
Analysts suggest: BTC price encountered resistance between $84,000 and $85,000, successfully holding the key support level of $75,000. If it can break through the $85,000 mark, it may further advance towards $90,000. Investors should closely monitor market liquidity and institutional fund flows, and long-term investors may consider gradually building positions when BTC retraces to the $75,000-$78,000 range, as this range has strong support.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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