$BTC Latest Market Technical Analysis of Bitcoin:
1. Currently, the daily MA30 of Bitcoin has fallen below for the first time. According to the trend triangle strategy, we look at 5 candlesticks; the daily level does not represent bull or bear markets, but rather the strength and weakness in the short to medium term. Just like when Old Te reminded us during the first major drop of 10,000 U, this does not mean we have entered a risk zone, but rather signals that a risk zone may be approaching;
2. In this wave of retreat, Bitcoin still played a supportive role, covering the retreat of the altcoin brothers;
3. Currently, from a smaller time frame perspective, it is important not to break below the low of 92233, which indicates that the structure has completed and a bottom can be formed.
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