Today, it dropped to the third support level mentioned earlier; the good thing is that it held and did not break down, but the bad thing is that it held and did not break down. Currently, this market, especially for altcoins, is definitely in a situation where one cannot establish without a breakdown. The daily divergence for Bitcoin itself has not yet been eliminated, and in the short term, it is likely to continue weak consolidation, while in the medium to long term, there is still upward potential!

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Important Indicators for 2024\12\19

FGI: 75 (less than 10 is a bottom area, greater than 90 is a high area)

MVRV: 2.53 (less than 1 is a bottom area, greater than 3.7 is a high area)

ahr999: 2.07 (less than 0.45 is a bottom-buying area, less than 1.2 is a regular investment area, less than 5 is a holding area, greater than 5 is a selling area)

Bitcoin Rainbow Chart: Deep Green (Blue is a bottom-buying area, Green is a regular investment area, Yellow is a holding area, Red is a liquidation area)

Bitcoin Escape Top Index: Red Line 229194, Green Line 45838 (Price above the red line is an escape top area, below the green line is a bottom-buying area, current price 102432)$BTC #加密市场回调