Analysis: Bitcoin and MSTR synchronize to show a golden cross technical signal, which may indicate a new round of upward trend

Odaily Planet Daily News: Recently, the daily charts of Bitcoin (BTC) and its largest listed holding institution Strategy (MSTR) have shown a "golden cross" technical pattern, where the 50 day simple moving average (SMA) crosses the 100 day SMA, indicating that the short-term trend is stronger than the long-term trend and may indicate the beginning of a new upward cycle. In addition, other technical indicators such as MACD also support this bullish signal. However, analysis suggests that the current price of BTC is fluctuating within the range of $101000 to $107000. If it falls below $100000, it may trigger more profit taking, and the pullback support level is around $98000. （CoinDesk）