BIT Official: $60,000-$65,000 in support area, with the bitcoin rebound expected to continue

On 20 July, BIT Official released a daily graph and graph analysis stating that although the market space continues to be empty and the delivery remains low, the self-researched "Glory and Fear Index" continues to improve, further confirming the positive market outlook presented in the latest weekly report. In historical terms, the price of bitcoin tends to rise whenever the 21-day moving average line of the index turns upward, and this signal tends to correspond to the critical stage bottom. The steady performance of the supporting districts of $60,000-$65,000, combined with the continued improvement in market sentiment, suggests that the Bitcoin round is still expected to continue。