Today is October 7th, BTC price is 84,160. BTC and SOL retested the 20-day moving average this morning, while ETH and XRP retested the 40-day moving average. DOGE also retested the 40-day moving average, and since the 40-day moving average coincides with the 250-day moving average, it also retested the 250-day moving average. Moving averages represent the average transaction price, which can also be understood as the cost price of holding positions. In other words, the 20-day holding cost for BTC is around 84,000, and the 1-year holding cost for DOGE is 0.09. At the same time, the 20-day moving average is an important support line for short-term trends. If it breaks below this level effectively, short-term speculative funds may exit and wait on the sidelines. In my opinion, the least risky option is DOGE, as it is already at the 1-year holding cost price. If the trend continues, this could be the best buying point. For the other coins, I suggest small positions for bottom fishing. If the 20-day moving average is effectively broken, then cut losses and exit. The risk is manageable since this is a key support level for short-term trends, and the potential loss is limited.
