Today, Bitcoin broke through the 120-day moving average, causing the overall market to plunge in the morning, especially the altcoins, which fell by more than 10%. As Bitcoin recovered the 120-day moving average, the market also rebounded. Next, it depends on whether Bitcoin can close above the 120-day moving average. If it closes above the 120-day moving average, there will be a chance in the short term. If it closes below the 120-day moving average in the near future, the short-term will continue to adjust downward until a big positive appears to save the current weak market. Brother Wang believes that the bull market is not over yet, Ethereum's ETF has not yet been launched, and there is also an expectation of interest rate cuts this year. Therefore, there will be at least one or two waves of medium-term rising markets in the future. Stay confident in the long term, and take a proper rest and wait and see in the short term! #BTC走势分析
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.