Bitunix analyst: The United States may use its gold reserves to purchase BTC. The price of BTC fluctuates violently, with short-term support at $83k and the main pressure at $87k-$88k.

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On March 24, US government officials stated that they might use their gold reserves to purchase BTC to increase national digital asset holdings. The statement triggered significant BTC price volatility, as the market remains uncertain about the plan's implementation. If the US government officially purchases BTC, it could boost market bullish sentiment and potentially encourage other countries to follow suit, forming a national-level Bitcoin reserve competition. However, if it ultimately remains a policy discussion, the market may experience short-term fluctuations before returning to rationality. Bitunix analysts suggest: BTC has short-term support at $83k, and if it breaks below, it may retest $80k. The main resistance levels are $87k-$88k, and breaking through could further test $90k. In the short term, investors should pay attention to further interpretations of the policy and flexibly respond to market fluctuations.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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