BTC UPDATE 📈✅
【BTC testing MA40 support, 8H self determined cycle or new direction emerging!】
According to the 8H custom cycle signal, BTC has been brewing a new direction recently, with prices mainly fluctuating between the MA20 and MA40 moving averages. If it breaks through MA20, it will once again rise to 64000; If it falls below MA40, it will test the support of MA120 (point: 60548). At present, BTC is approaching MA40, and it is recommended to focus on the closing situation of the 8H cycle.
According to previous performance, in the 8H cycle, if BTC repeatedly tests the MA20 and MA40 moving average ranges, there is a high probability that a strong trend will appear after breaking through. Since July, BTC has experienced similar situations multiple times, with the highest increase exceeding 16%!
