#BTC行情预测# Overall, Bitcoin has shown a continuous strengthening trend in the past few weeks, with no significant adjustments during this period. We have gradually moved from the extreme fear area into the bottom exploration area, but we have not yet entered the extreme bottom area, which means that current market investors have not fallen into an irrationally optimistic state. From the 30-day moving average, we have just transitioned from the neutral area into the bottom exploration area, and during this cycle, the two waves of main rise have both entered the extreme bottom area. If there are not too many unfavourable information factors appearing, this upward trend will continue for a while.

From some technical indicators, Bitcoin is in an overbought state on the daily RSI and has finally welcomed a moderate price correction. The 4-hour relative strength index is also showing a similar trend, retreating from the overbought area to a near-neutral range. The 50-day moving average and the 200-day moving average are currently only about 2000 dollars apart, and we may see a new bullish golden cross, similar to the previous two main rise trends. The pullback in Bitcoin's price is not a problem, but it is best not to drop below 98500 dollars, as the cost line for those holding Bitcoin for 3 - 6 months is at 98500 dollars. Therefore, it is best not to drop below 98500 dollars. If these relatively medium to long-term players can continue to remain in a slightly profitable state, it will enhance their confidence to continue holding.