#非农就业数据推升加息预期 If Bitcoin raises rates, is $BTC continuing to shake out the market or is the bottoming process over? On Binance, 70% of altcoins have already fallen below the 200-day moving average, close to the level before the big rise in August
On Binance, the proportion of altcoins below the 200-day moving average quickly dropped from 82% in mid-August to 10% in early October (almost all above the moving average). Now this ratio has risen again to about 70%, proving that the altcoin market has returned to an extremely weak state.
My personal view: as long as $BTC does not break below the 200-day moving average, the bull market still has hope, right? If it keeps falling, can $BNB spot continue to add positions? 👇
On Binance, the proportion of altcoins below the 200-day moving average quickly dropped from 82% in mid-August to 10% in early October (almost all above the moving average). Now this ratio has risen again to about 70%, proving that the altcoin market has returned to an extremely weak state.
My personal view: as long as $BTC does not break below the 200-day moving average, the bull market still has hope, right? If it keeps falling, can $BNB spot continue to add positions? 👇
