At the beginning of April, the overall market research report for the community:
The 60-day moving average is like a tiger descending the mountain, continuously suppressing for several months. Each time it breaks through the moving average, it quickly falls back. When the moving average is vertical downwards, it means the market will accelerate, which means it is very likely to break out of this volatility range next week!
Bitcoin has been hovering in the range of 65,000 to 72,000 for a long time. I believe that if it breaks through 69,000 again, the market will hover around 80,000, temporarily stopping the decline of the first half of the year.
If it drops below 60,000 in the short term, the market will quickly spike down to around 56,000. So when you see this price, please don't panic; this is likely the last needle to liquidate the bulls.
At that time, the bottom of the current bear market will be basically confirmed, and the market will slowly rise starting in May.
Currently, only the overall bulls have the opportunity to make big money, but the bearish trend may need to drop below 60,000 once again before it ends.
However, in any case, at the latest by May, the bulls will launch a counterattack.