$BTC To be honest, I actually didn't quite understand the recent market trends and the rise from a few days ago. According to previous logic, with Moody's downgrading the U.S. sovereign credit rating, and this week seeing a triple hit in U.S. stocks, foreign exchange, and bonds, such a serious risk event should have led to a rise in gold and a drop in Bitcoin, but unexpectedly, Bitcoin and gold rose together.

Originally, my expectation was for the yellow path shown in the chart, to first decline and then rebound after approaching the moving average, but it jumped up from the original position. We have to accept reality, but will the blue path appear later? Now that it has first dropped below 110,000, according to the analysis from this morning, if it can't rebound above 110,200, the probability of this happening increases.