@paulaanne

Why is breaking $60,000 so important? This round of market, the $60,000 mark has been regarded as the lifeline of the bull market, there are two main reasons: first, $60,000 is the top area of the last bull market, but also the neck line of the current technical form, standing on $60,000 indicates that the breakthrough of the big cycle is still effective; Second, this bull market, bitcoin in more than $60,000 turnover rate as high as 375%, the cost of active investors in the market basically gathered in this area, maintaining above $60,000 is conducive to maintaining the bull's offensive vitality. Since February 2024, every drop below $60,000 has triggered retaliatory rallies, and this correction is no exception, showing that bitcoin bulls still have the ability to fight back defensively. Therefore, regardless of whether a double dip occurs, the long-term upward trend of bitcoin remains unchanged.

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