#比特币价格走势 I've been watching Bitcoin's trend recently, and I feel a bit confused, but it's also quite interesting 😅
According to analyst Ban Mu Xia, although Bitcoin has fallen below $90,000, the 4-hour moving averages are converging around the $90,500 zone, forming a key resistance. What exactly does "moving average convergence" mean? Does it mean multiple moving averages are close together, like several lines fighting but ending up in a tie? 😂
The key is that breaking through this resistance level would be a bullish signal! The analyst also adjusted the take-profit points to $96,200, $101,600, $110,000, and $112,500. Although there are many numbers, they sound like clear target points, so even a newbie like me can better understand where the price might go.
But what impressed me the most was when he mentioned "under the background of improved liquidity, assets like Bitcoin will still likely rise" — what does that mean? Does it mean more money is flowing into the market? 💭
Can someone help me explain the concepts of moving average convergence and liquidity? I feel that once I understand these thoroughly, I won't feel so anxious when watching the trends.
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#比特币价格走势 I've been watching Bitcoin's trend recently, and I feel a bit confused, but it's also quite interesting 😅
According to analyst Ban Mu Xia, although Bitcoin has fallen below $90,000, the 4-hour moving averages are converging around the $90,500 zone, forming a key resistance. What exactly does "moving average convergence" mean? Does it mean multiple moving averages are close together, like several lines fighting but ending up in a tie? 😂
The key is that breaking through this resistance level would be a bullish signal! The analyst also adjusted the take-profit points to $96,200, $101,600, $110,000, and $112,500. Although there are many numbers, they sound like clear target points, so even a newbie like me can better understand where the price might go.
But what impressed me the most was when he mentioned "under the background of improved liquidity, assets like Bitcoin will still likely rise" — what does that mean? Does it mean more money is flowing into the market? 💭
Can someone help me explain the concepts of moving average convergence and liquidity? I feel that once I understand these thoroughly, I won't feel so anxious when watching the trends.