Odaily Planet Daily News Odaily Planet Daily News, the S&P 500 index rose 1.7% on Monday, breaking through the 200-day moving average (200DMA), providing technical support for the recent market recovery. Bitcoin (BTC) also rose simultaneously, breaking through the 200DMA of $85,046 over the weekend and now at $88,000. The short-term resistance level is $93,245, which corresponds to the average on-chain acquisition cost of short-term holders and has always been a key indicator of the bull market.
The stock market correction may have ended, and the breakthrough of BTC's key technology may bring a new round of upward momentum to the market. (CoinDesk)