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Breaking news! MicroStrategy invests an additional $116 million in Bitcoin, feeling like BTC is about to make a big move. I'm getting pretty excited myself!
Currently, BTC is trading at $93,462, with the bulls holding the advantage. The RSI is at 53.7, indicating a positive trend. From a technical perspective, the support level is at $91,935.76, and the resistance level is at $95,688.24. The key breakout price is $95,219.18. Considering MicroStrategy's big move, there's a high possibility that BTC will break through the key resistance and continue upward.
I already hold some positions. If the price stabilizes above $93,612, I will add to my holdings. The stop-loss is set at $91,935.76; if it drops below that, I will exit to cut losses. The target price is $95,688.24. After breaking through $95,219.18, I will gradually reduce my position to lock in profits. While the market outlook is optimistic, we should remain cautious and not be too greedy.
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