BTC weekly line falls below the MA60 moving average
In the last bull market of 2021, the price fell below the 60-day moving average, confirming a bear market. However, due to the significant divergence, it will rebound to fill the moving average. Conclusion: It can be considered that the bear market has already begun, but due to the continuous fall of the bears, the large deviation from the moving averages will rebound and fill the moving averages in the coming weeks. At the same time, yesterday the bullish volume began to appear, far exceeding the previous volume, further increasing the possibility of a rebound. Consider buying more than 50% of the spot position. $BTC
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BTC weekly line falls below the MA60 moving average
In the last bull market of 2021, the price fell below the 60-day moving average, confirming a bear market.
However, due to the significant divergence, it will rebound to fill the moving average.
Conclusion: It can be considered that the bear market has already begun, but due to the continuous fall of the bears, the large deviation from the moving averages will rebound and fill the moving averages in the coming weeks.
At the same time, yesterday the bullish volume began to appear, far exceeding the previous volume, further increasing the possibility of a rebound.
Consider buying more than 50% of the spot position.
$BTC