It's a bit dangerous for BTC to go this way
Bitcoin didn't do very well this afternoon. It is currently in a critical position. The 20-day EMA (meaning Bitcoin, not an ETF) and the 60-day EMA have now come together. However, the 60-day average will definitely continue to rise, and if the price continues to fall below the 20-day average, it will be weighed down by the EMA and cause the 20-day average to continue to decline. As a result, deaths on the 20-day average intersected with the 60-day average. Once this is the case, it's quite troublesome.
I hope the bulls will step up tomorrow, so that at least the Bitcoin price can reach the 20-day average and stop falling, otherwise it will have to test the 60,000 mark again.
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