Bitcoin 63,000 is a life-or-death line! Retail whales are crazy about bargain hunting

The data on the chain lights up red and green: the latest data from Glassnode shows that the $63,000 area has become a key battlefield in the long-short decisive battle**. While Bitcoin is hovering close to the 200-week moving average, retail investors and whale accounts are adding positions simultaneously - this is usually an important signal for the mid-term bottom.

Why is it important? The 200-week moving average is the watershed between bull and bear cycles. Every time it falls here in history, it will trigger a strong rebound. Now the two smartest money stocks - retail investors and giant whales have rarely reached an agreement, which shows that the market panic is being digested, but the counterattack of the shorts is not small, and 63,000 is the intersection of firepower between the two sides.

For us retail investors, don’t be in a hurry. You can place orders in batches at this position, but you must leave enough bullets. If it falls below 63,000, the support below will be at the integer level of 60,000; if it holds, the first target of rebound will be 68,000. Pay attention to the loss of handling fees when trading. Especially for high-frequency operations, it is recommended to use platforms such as CoinRebate to get rebates. Every point saved is worth a point.

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This article was edited by CoinRebate AI, data source: CoinDesk