Buying Bitcoin (BTC) at 68,144 USD with a long target of 69,000 USD is a strategic decision but also potentially risky. First of all, the price difference between the target buy and sell point is 856 USD, an attractive potential profit range.
However, to decide whether to do it or not, several factors need to be considered. The cryptocurrency market is very volatile, prices can increase or decrease sharply in a short period of time. Analyzing price charts, market trends, and related news is necessary. If the market trend is up and there are no signs of a strong correction, longing BTC from 68,144 to 69,000 could be the right decision.
In addition, it is necessary to manage risks by placing stop-loss orders to limit losses if the market does not perform as expected. In short, the decision to buy BTC to go long needs to be based on technical analysis and careful risk management. If factors are favorable, this could be a good opportunity to make a profit.$BTC
