2.6 Friday Night Bitcoin / Ethereum Silk Road
The Federal Reserve's hawkish stance, a pullback in the US stock market, and profit-taking have led to a deep decline in Bitcoin, which directly broke the key support level of 64,000, with the lowest dropping to around 59,800. Technically, the 7-day and 30-day moving averages have formed a death cross and are trending downward. The price is being suppressed by the moving averages. Today's rebound from the lows is just a weak correction after a sharp decline. The candlestick pattern also shows long bearish shadows and short bullish bodies, indicatin
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