The Bitcoin market has caused an uproar recently. As the price touched the 120-day bull-bear dividing line, investors have speculated that perhaps March will usher in a full-scale bull market. This news was like a bombshell, causing strong shocks in the market and crazy attention from investors. Let us deeply analyze this eye-catching market change and reveal the various mysteries behind it.

In the digital currency market, the 120-day bull-bear dividing line has always been regarded as an important symbol of price trends. When the price of Bitcoin hits this dividing line, it often triggers violent market fluctuations and even heralds an upcoming bull or bear market. The touching of the 120-day bull-bear dividing line this time makes people wonder, where will the market go?

 Price hits the 120-day bull-bear dividing line: market signal interpretation

The touching of the 120-day bull-bear dividing line means a major change in market sentiment and investor confidence. In the past history of digital currencies, similar situations were often accompanied by major turning points in market trends. Investors began to re-examine the risks and opportunities of the market and formulate corresponding investment strategies. The release of this signal is like an alarm bell for the market, reminding every investor to remain vigilant and grasp the pulse of the market.

 March may set off a comprehensive bull market: analysis and outlook

As the Bitcoin market continues to evolve, March may mark a turning point for the market. There are various signs that the market atmosphere is gradually warming up, investor confidence has been boosted, and funds have begun to pour into the digital currency field. At this special time point, investors may usher in a comprehensive bull market, and the prices of various digital currencies may usher in a new round of surge.

 Market forecast and investment advice

For investors, rational investment is crucial in the face of market vagaries. With prices touching the 120-day bull-bear dividing line, investors should remain vigilant and treat market risks prudently. At the same time, you must also see the potential and opportunities of the market, seize the right opportunity, and layout your own investment portfolio. In this moment full of challenges and opportunities, only by thinking calmly and acting steadily can we remain invincible in the market tide.

 Conclusion

The 120-day bull-bear dividing line in the Bitcoin market has been touched, which has brought considerable fluctuations and changes to the market. As March approaches, the market may set off a comprehensive bull market, and the digital currency field may usher in a new round of prosperity. However, investment is always accompanied by risks. Rational investment and prudent decision-making are the keys to long-term profits. Let us look forward to the future of the market together, seize every investment opportunity, and create our own wealth legend!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Today is February 29th, a rare day in several years. Let’s first talk about the situation of the global financial market. The last week of February can be regarded as the darkest week for the global financial market in recent years. The U.S. stock market fell by more than 12% in a single week. On February 27, the U.S. stock market recorded its largest single-day decline in more than eight years. In fact, not only the U.S. stock market, but also Germany The stock markets of , Japan, the United Kingdom, and France all fell by more than 10% this week. The main reason is that the epidemic is on the rise in Europe and the United States, with new overseas cases exceeding domestic new cases for many consecutive days. For developed countries in Europe and the United States, the potential impact of the epidemic on the economy will be directly reflected in the financial market first. Gold first hit a new high this week as a safe-haven asset, but then fell by nearly 5%. It can also be seen that the normal relationship between risk-avoidance and risk-seeking has been broken. The escalation of the global epidemic and new news from Turkey and Russia are all intensifying market tensions. Panic.

Looking back at the trend of Bitcoin this week, if we insist on linking Bitcoin to the global market, then this adjustment is a linkage adjustment and is a normal phenomenon. However, I personally believe that although there is linkage between Bitcoin and the global market, it is not the main one. The decline in US stocks has expanded in the past two days, but Bitcoin has shown signs of stabilizing before other markets. It is expected that panic in global stock markets will ease next week. situation, and Bitcoin may rebound ahead of the market next week.

Then let’s talk about the 120-day line (8370), the dividing line between bulls and bears. Daxia always likes to use moving average indicators to write something, because most leeks can understand it, and there are many applications of technical indicators. Factions are very complicated to talk about, but if we do some calculations behind the scenes, we can actually explain them with an indicator. This is just like using your mobile phone or computer. The logic of the work behind it involves all aspects, but it only needs to be visualized. Just have the window appear in front of you.

The picture below shows the intersection of the 90, 120, and 144 moving averages (near $8,370). The 90-day moving average is a long-term moving average, which can be roughly understood as the average price of buying BTC in the market within 90 days. The same is true for the 120-day moving average, which indicates the average price of buying BTC within 120 days. What about the 144 moving average? It is what heroes like to use. Last year, we successfully used Fibonacci numbers such as 144 and 233 to accurately predict the market many times. Of course, these are all probabilities. Don’t treat them as magical things. Just for reference. The 120-day line generally becomes the dividing line between bulls and bears in the currency circle, and has been verified many times in the trend of the past year or two.

Once it breaks through the 120-day moving average, it can be judged that the staged market has started. Bitcoin successfully stood firm on the 120-day moving average on January 13, 2020, and the cumulative increase reached about 30% in the following more than a month. This adjustment has now stepped back to the 120-day moving average, and then relatively coincides with the 90 and 144 moving averages, so if we must give a point prediction, Daxia believes that the pie has a chance to stabilize here, so I also wrote in yesterday’s article This point is regarded as the intervention point of the secondary layout. As long as it fluctuates around this point for a period of time without falling below, the probability of starting the Mavericks market in March is very high.

2-29-Analysis

BTC

Today's analysis: After inserting the pin last night, it was close to the point mentioned in the article. Daxia's overall idea is that BTC will stabilize near the 120 moving average ($8,370) to create a shock platform, and let the chips change hands at this position. , grind around the 120-day moving average, and then you can rebound next week. The recent operation is to maintain the strategy of building positions on dips. Buy a little bit last night, buy a little bit today, buy a little bit more tomorrow, and accumulate funds in this range. Tomorrow will enter March, and we are looking forward to the market in March. Short-term support level: $8,370, pressure level: $8,900.

2 mainstream echelon

ETH: The overall decline among the mainstream echelons is not too big. The recent upward fluctuations have been suppressed by MA30 (235 US dollars). The recent fluctuations around this point have mainly been repaired. If the market outlook breaks through MA30, it will be judged to be stronger. Short-term support level: $200, pressure level: $235.

BCH: The 120-day moving average is near US$290. When it rises, everyone always asks whether BCH will return to US$300. When it reaches US$300, everyone always waits for US$200. The overall idea is to intervene on dips. Support level: $300, resistance level: $335.

EOS: The pin has been inserted near the dividing line between bulls and bears for three days. There are also some signs of stabilization here. The hourly MACD has diverged. If it breaks through the short-term suppression of $3.65, it will rebound. You can stay tuned.

ADA: Yesterday, Bitcoin hit a new low, but many mainstream currencies did not reach a new low. ADA also just hit $0.046 and then counterattacked in conjunction. In the short term, it will be dominated by shocks. At the current price, it can be deployed in batches. Short-term support level: $0.046, pressure level: $0.052.

3 copycat echelon

ONT: Ontology maintains yesterday’s view that the price fluctuates and bottoms at US$0.65-0.73. We can also refer to the 0.6 range to make a layout. There will be a chance to form a rebound next week. Today’s pressure is US$0.73 and support is US$0.65.