According to Odaily, cryptocurrency research institute K33 Research has reported that Bitcoin (BTC) and Ethereum (ETH) have reached their 200-day moving average for the first time since October 2023. This development suggests that market participants are now facing a more simplified trading decision environment.
In addition, the reaction to any positive news about the spot ETH ETF will serve as a barometer of market sentiment. The key is not the news itself, but the reaction to it. Furthermore, the new altcoin trading system involves more frequent rotations and faster profit cycles. Regardless of whether the main indicators are above or below their 200-day moving average, altcoin bulls will operate in this manner.