$BTC After the weekly candle closed below the 200-week moving average, the market clearly weakened another layer. Traders started putting lower levels on the table, with around 46K becoming the new observation point. Now what's more important is not whether there will be a rebound, but whether the rebound can reclaim the key moving average first. Otherwise, the momentum will remain bearish. $BTC
$BTC After the weekly candle closed below the 200-week moving average, the market clearly weakened another layer. Traders started putting lower levels on the table, with around 46K becoming the new observation point. Now what's more important is not whether there will be a rebound, but whether the rebound can reclaim the key moving average first. Otherwise, the momentum will remain bearish. $BTC