The 200 day moving average of BTC - a signal line for traditional financial funds? Actually, the focus this week is still on the 200 day moving average . Originally, I thought this was just another psychological cost line . But today, on chain analyst James put forward a new perspective . The 200 day moving average holds a high position in traditional financial markets. (There has always been a saying in the US stock market that the Nasdaq or S&P can enter the market by stepping back on the 200 day moving average, because the 200 day moving average is similar to the annual moving average of trading days when trading five days a week.) So, although BTC is traded 24 * 7, the market has historically respected signals that follow the line. Especially after BTC was listed on CME and ETF. (As shown in Figure 1) So, if the BTC price can reach the 200 day moving average, it can be imagined that many traditional financial terminals will send signals. If they can stand firm at the weekly level, many traditional financial funds will start to pay attention to or increase their allocation of BTC And now (Figure 2), this line is around 83k, suppressing the current price. (Purple) And the support below the price of 78k is the two lines of real average price and short-term holder cost price (red and blue) So the next basic scenario is: If we can maintain a stable position at the 83-85k level on a weekly basis, there is a probability that it will trigger some signals of traditional finance It will enter the observation list of a large number of institutions and make some quantitative purchases Charge towards higher ground. If it surges up to 83-85k and becomes unstable, it will be suppressed by this range and then fall back (as often seen in the past, see Figure 1) to form a higher low point. (The previous daily low point was at 75k, as shown in Figure 3) That would be a very good entry point for a callback. If you step deeper and fall below the cost lines of 78k, and further fall below 75k to exit the lower low, the main support below will be around 67k (not necessarily, as there are only small supports above, so we won't draw stairs)