Can the 120-day moving average that has been broken be recovered! ?

As shown in the figure, we do not look at any indicators or ETF data. From this MA moving average since October 2023, that is, from the trend line since the bull market, it has now reached a large-scale support position.

The MA120-day moving average that many people are looking at has actually been pressed. It is not yet known whether it is a small rebound after the break or the last chance to escape. If we look at the strength of each support, the current 6w5 US dollars is far less strong than the support of 6w, so if it falls, it is very likely to test the position close to 6w. Of course, we do not predict, but we are also prepared in this direction.

The cottage is not worth watching. It can be said that not only has it collapsed across the board, but it has almost returned to last year's level and even far below the price at the beginning of the bull market. If this round is a bull market for big cakes, then when will the cottage's outbreak that has not yet arrived be! ? Is it the fourth quarter when interest rate cuts are more appropriate? Or is it September at the end of summer as we said?

Finally, I would like to express my opinion that, so far, the alt spot market is not profitable except for the leading market, so those who cannot accept a large retracement of more than 50% should trade the alt leading market of ETH BNB.