Post
Meilin (美林 / 美琳)
1. A while ago, I saw $BTC was ridiculously strong and thought this round wouldn't pull back to the daily SMA200 level, but unexpectedly, it did, albeit late (see Figure 1);
Now Bitcoin has reached the strength-weakness dividing line (support):
1. The price of the SMA200 today is 73153;
2. The 0.5 Fibonacci retracement price from the 57–87 segment rise is 72581.
If Bitcoin falls below this level, it objectively means weakness.
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