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Original author: 𝗰𝘆𝗰𝗹𝗼𝗽 Original translation: Tim, PANews Everyone thought $140,000 was the next target, but things didn’t work out that way. After studying all the historical scenarios and market data, why do I think Bitcoin is about to drop slightly? Is the golden cross a blessing or a curse? A golden cross is a technical indicator pattern that occurs when the 50-day moving average crosses above the 200-day moving average, and in all technical analysis this is generally considered a buy signal or a bullish indicator. But what if I tell you that the situation is not that simple and that the golden cross may lead to a crash? Let me explain it to you. Yes, fundamentally, the presence of a golden cross indicates that short-term momentum is overtaking long-term…# Analysis# Airdrop# crypto# defi# Market# Token# Tool# web3Pre
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- 1. Background introduction of Kaito Kaito is a Web3 information platform dedicated to solving the problem of information fragmentation in the crypto world. It collects and organizes multiple data ...