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#What’sNextforBitcoin?
Bitcoin market is currently quite dynamic, and it’s important for traders and investors to understand both short-term and long-term trends. For now, Bitcoin is in a sideways or slight bearish pressure in the short term, but mid-term and long-term trends still remain bullish.
Current Market Highlights:
Support Levels Strong: Buyers are entering on dips, which is a bullish sign.
Resistance Rejection: Price has gone up but has not yet broken major resistance, so there is some selling pressure in the short term.
Volatility High: Rapid price movements are being observed in the market, creating opportunities for scalpers.
Trading Insights:
Short-Term Traders: Range trading and scalp trades are best.
Mid-Term Traders: Consider dip buying at support zones.
Long-Term Investors: Holding with patience and proper risk management can be profitable.
Important Tips:
Always set a stop-loss.
Avoid fake breakouts.
Keep checking the impact of market news and global events.
Avoid over-leverage — safe trading is more important.
Bitcoin’s overall trend is currently sideways in the short term, bullish in the mid/long-term, and this trend can benefit with proper strategy and careful trading.