🚨 Bitcoin Market Alert: Breaking below key moving averages, huge liquidation and ETF panic selling risks 🚨

Hey guys! Let's talk about the recent major news events in Bitcoin. 📰
 
Remember when Bitcoin broke through the 200-day moving average like a rocket last October? Since then, Bitcoin has never fallen back to this position.
 
However, in the past few weeks, the situation is a little different. The price of Bitcoin has slowly moved closer to the moving average, and in the past two days it has directly fallen below the 200-day moving average!
 
Now, with three days left before the end of this week, everyone is guessing whether Bitcoin can return to the bull market support line of $61,000 before the weekend.
 
Some people believe that this is a critical node position. Because if Bitcoin can stand firm on the bull market support line before the weekend close, the bull market story may continue. If not, does it mean that the market still faces an uncertain future?
CoinGlass data explosion hot map shows that in the past 24 hours, the market staged a "battle royale", and more than $676 million of Bitcoin long and short positions were forced to close, and the scene was quite bloody!

😱 At the same time, the price of Bitcoin also fell below the average purchase cost of spot ETFs, which may cause some institutional investors and ETF holders to start panic selling. If this panic selling behavior comes true, it will undoubtedly bring additional pressure and uncertainty to the market. 📉
 
Here is a reminder to everyone, in the face of such market fluctuations, you must avoid high-risk contracts and options transactions, let alone invest with money you can't afford to lose. These behaviors are extremely risky and must be treated with caution! 🚫

#比特币动态 #200天均线 #比特币爆仓 #比特币现货ETF #投资风险

[Bitcoin Observation] Falling below the 200-day moving average: a signal of a bull market or a bear market?

Hey, cryptocurrency enthusiasts! 👋 Today, let's talk about Bitcoin and the magical 200-day moving average.

Did you know? Historically, Bitcoin has fallen below this line only a few times, and each time it completely fell below it, it was like pressing the "reset" button, which may indicate that it has entered the next round of bull-bear critical points. 🔄
 
Remember the last bull market cycle? Bitcoin first hit a peak of $64,000, and then fell below the 200-day moving average. During that time, everyone was wondering if the bull market was about to end. The result? Bitcoin not only broke through the moving average, but also rushed all the way to a new high of $69,000! 🚀$BTC

Looking back, when the epidemic broke out in 2019 and 2020, Bitcoin also fell below the 200-day moving average, but it was only about 50 days, and then it continued to rise. 💪
 
Combining historical data, it is believed that in an upward trend, Bitcoin rarely stays below the 200-day moving average for more than three months. Therefore, if Bitcoin stays below the 200-day moving average for too long this time, you may have to be wary of the return of the bear market. 🐻
 
But don't worry, I don't think the chances of a bear market coming back are high now. 😌 The best case scenario is that Bitcoin can return above the 200-day moving average before the end of this month, which will be a super healthy signal. 📈
 
If it fails to reach the end of this month, don't worry, there will still be opportunities in the fourth quarter. Because, with the Fed's interest rate cuts and QE policy coming, this may also become a booster for the Bitcoin bull market, and breaking through the 200-day moving average should not be a problem. 🌕

In short, let time tell us the answer. Before that, let us pay close attention to market dynamics and make wise investment choices! 🔍 #比特币 #200天均线 #加密货币投资 #BTC_Bounce_Back_to_57k