Bounce, is it definitely not a reversal?

1. BTC has broken through the life line and decision line from the bottom, and the remaining resistance is the bull-bear boundary line at 81.6K. Does this mean that breaking through the bull-bear line indicates a reversal? Not necessarily.

After the breakout, it needs to go through the convergence of moving averages and the subsequent upward divergence after convergence to be considered a trend reversal. Right now, it is breaking through multiple levels to release the trapped positions and profit-taking above, which is a necessary action and procedure before the market reversal.

If after breaking through three levels the moving averages converge, but then choose to diverge downward again, it marks the beginning of a new downtrend. So even so, BTC is still facing direction decision issues in the coming weeks.

Resistance level at 81.6K, support level at 74K.

2. CRCL price has risen to 125U. On the daily chart, its moving average pattern is experiencing a wrap from bearish to bullish trend: the short-term moving averages have crossed above the mid-term and long-term moving averages, and now the 30-day and 60-day moving averages have also chosen a golden cross.

Therefore, the wind vane can look at CRCL, and in the near future, we will see the convergence pattern of the short-term, mid-term, and long-term moving averages on the daily chart. That will be the key, and the price should be around 91.8U.