#Bitcoin Market Watch

Chinese crypto analyst Ban Mu Xia stated:

> “On Bitcoin’s daily chart, the MA5, MA10, and MA30 have formed a golden cross, creating a support zone between $90,000 and $91,300.
If you previously opened long positions between $89,000 and $90,000, then $98,000, $103,300, and $112,500 can be considered planned take-profit levels, adjusted according to market conditions.
However, these take-profit levels are no longer suitable as entry points for new long positions, as the risk-reward ratio is very low.”