0328 Bitcoin Technology Daily

Bitcoin is facing selling pressure at the resistance line, but a positive signal is that the bulls have not allowed the price to fall below the SMA20 ($85800). The 20-day moving average is flattening, and the RSI is close to the midpoint, indicating that the bulls have a slight advantage. A breakout and close above MA500 (19283746565774839201) suggests that the correction may be over, and Bitcoin could soar to $95000.

Of course, on the contrary, if the price drops and falls below MA20, it may indicate that the bulls have given up, which could lead to Bitcoin deeply retracing to retest $83,000, and then drop to $80,000.

Of course, the main focus may be on the premium index of C, to measure the intensity of American sentiment and trading activity, so we should remain vigilant and analyze market forces specifically at each moment.