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## Bitcoin Hovers at Critical Moving Averages, Technical Risks Emerge
According to the latest market data, Bitcoin (BTC) is currently priced at $89.98K, repeatedly testing near the 100-week simple moving average. This moving average serves as an important support level in traditional technical analysis and is crucial for determining whether the bulls can maintain control.
The share of strategy-related products has already fallen below this key moving average in advance, signaling a leading downward trend that warrants close attention. When using moving averages for technical analysis, leading indicators often reflect the market's potential direction ahead of time, and Strategy's performance seems to be sounding an alarm for Bitcoin.
If Bitcoin ultimately loses the 100-week simple moving average, it may face deeper correction pressures. The bulls urgently need to mount an effective defense at this level; otherwise, Bitcoin could follow Strategy's footsteps and initiate a new downward trend. This is a critical point for investors relying on technical support levels for trading, requiring close monitoring.
The current price position has reached a crossroads—whether it rebounds and recovers or breaks downward—will be determined by the 100-week simple moving average. Market participants should stay alert and prepare risk management strategies for potential volatility.