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#FedRateCutComing Here is the English translation of the Bitcoin market analysis by Chinese crypto analyst Ban Mu Xia:
📈 Bitcoin Market Observation
Chinese crypto analyst Ban Mu Xia stated, "On the daily chart of Bitcoin, the MA5, MA10, and MA30 moving averages form a golden cross, thus 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 as planned take-profit points, adjusted according to market dynamics.
However, the take-profit levels are no longer suitable entry points for going long, as the risk-reward ratio is very low."
Would you like me to look up the current Bitcoin price or provide a general explanation of a 'golden cross' in technical analysis?