My opinion remains unchanged. BTC is still rebounding even though it has rebounded to 69,700.
Now the 5, 10, 20, and 30-day moving averages are sticking together. A big market should be happening. BTC is currently at a high level. I don’t think BTC can continue to break through the previous high. There is another piece of news that everyone should know. The non-agricultural data exceeded expectations, and the probability of the Fed’s interest rate cut decreased. This reaction did not even fall back in the US stock market. There must be something fishy. Wait until the opening of next week to see. Anyway, I still stick to my point of view. If BTC falls below 60,000, it must fall to a suitable daily moving average, 60 days, 120 days, or in between. BTC is normally around 55,000, and the limit is 52,000.
