Mining analysis
Mining depends on BTC. Currently, BTC seems to be entering a correction phase, but it remains to be seen whether it will adjust towards the target of 89K or surpass 100K directly.
If BTC continues to rise, mining stocks like IREN, MARA, RIOT are likely to rise sharply. For example, if MARA tests the support around 31-32, it could extend to 34, and for IREN, it looks like it could reach 13.
If BTC enters a correction phase, mining might also enter a correction phase. MARA may consolidate at the bottom with a pullback below 23.66. IREN seems to pull back to support around 8.76 and then rise.
If you couldn't buy it, this is a buying opportunity, and if you are holding it for the long term, it's not the time to focus on short-term price fluctuations.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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