Golden Finance reported that on January 15, Matrixport released today’s chart. Bitcoin’s 21-week moving average (approximately 147 days) is currently located at $85,000, which is a key indicator for judging market trends. When the price is above the 21-week moving average (about 147 days), it is appropriate to hold long positions; when the price is below this moving average, you need to remain cautious. While Bitcoin price may fluctuate around the moving average for short periods of time, the 21-week moving average has successfully captured major market trends many times. This moving average has accurately predicted the bull market in 2020 and 2023, as well as the bear market trend in 2022. Currently, this moving average sits around $85,000. As long as prices remain above the 21-week moving average, the market will continue to be in a bull cycle.