Hey, let me tell you about what's going on with Bitcoin lately. Do you remember last October when Bitcoin's price surged and broke its 200-day moving average? Since then, it has never fallen back to that line.
However, things have changed in recent weeks. The price of Bitcoin has slowly approached the moving average, and even fell below the 200-day moving average in the past two days!
Now, with about three days left until the weekend, everyone is guessing whether the price of Bitcoin can rebound to the important support point of $61,000 before the weekend.
Some experts say this is a critical moment. If Bitcoin can stand firmly on that support line before the weekend, the bull market may continue. But if not, will there be a lot of uncertainty in the future of the market?
The market was like a battle royale game in the past day, with more than $676 million in long and short positions in Bitcoin forced to close. The scene was bloody and bloody!
The price of Bitcoin has also fallen below the average purchase cost of spot ETFs, which may cause some institutional investors and ETF holders to start panic selling. If this happens, it will undoubtedly bring more pressure and uncertainty to the market.
Therefore, in the face of such market fluctuations, everyone must avoid high-risk contracts and options transactions, and do not invest money that you cannot afford to lose. These behaviors are too risky and must be treated with extreme caution!