$BTC spiked hard today but kissed the 200-day MA at the top. Last time it touched that level was May 14, right before the drop into early July. Not saying history repeats exactly, but that's a meaningful resistance point. Watch how it reacts here — does it hold above or reject again? Mid-cycle rallies often stall at moving averages like this before either breaking through or retracing. If you're long, this is where you take some off or tighten stops. If you're waiting, this could be your re-entry if it flips the 200-day into support. The spike itself shows demand, but the MA test is what matters now.