BTC defends the 200-day moving average, will it rebound or collapse?
$BTC quickly retraced after breaking through the resistance level in an ascending triangle, and the market did not directly continue its strength.
The current focus is on the 200-day exponential moving average, which is a key support:
If the rebound is successful, it means the repair is complete, and the market still has the possibility of warming up;
If it breaks down, it may indicate a deeper downward space.
The short-term trend is on the edge of a cliff, whether it goes up or falls will soon be revealed.
Do you think this pullback is a shakeout or a reversal?
