Today is September 24, BTC price 112653. The day before yesterday, I drew two levels for BTC adjustments, with prices representing 112400 and 107000 respectively. After two days of adjustment, the big coin is still being pulled at the first level. So why did the market prompt a short rebound yesterday? Did the shorts make money collectively at night? And why should the brothers who are asked to go long wait a bit? These three questions are actually one answer!! It's not that I continue to see how much further BTC can drop, but the flash crash has damaged the original structure, causing the 5-day and 10-day moving averages to steeply point downwards, which requires time for recovery. I mentioned in the "Iron Fans Group" that the direction of moving averages is like the "steering wheel" of a car, representing the price direction. The potential for a drop might have been nearly exhausted on the first day, but in terms of time, we need to wait for the 5-day moving average to turn upwards....
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