50EMA should provide support

28 Şub 2023

Every cryptocurrency trader is aware that the DXY market and the cryptocurrency market are inseparable. This chart has repeatedly accepted the 50EMA as support while following a trend line for quite some time. If the market somehow crosses the 50EMA and descends, past chart analysis indicates that we will definitely see a significant amount of dump. We regard Bitcoin as a rocket because cryptocurrencies operate in the opposite direction. Given the current circumstances, I must decide whether the 50EMA should provide support for the DXY market. If the support breaks, there will be a lot of pump in Bitcoin; otherwise, the downtrend will continue.