Data show that the height of BTC's subsequent rebound depends on whether the all-around station stands above the 60-day moving average today.

Planet Daily News at 8 o'clock on February 28, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, reported 821.55 points, an increase of 1.46% over the past 24 hours, and a turnover of US $ 10.519 billion, a decrease of 11.23% from the previous 24 hours. 86 of the index component tokens rose, 14 fell; the ChaiNext 5 index reflecting the performance of blue-chip cryptocurrencies at the market reported 711.59 points, an increase of 1.19% over the past 24 hours, and a turnover of US $ 82.575 billion, a 9.81% decrease from the previous 24 hours; The currency bubble index (BBI index) was reported at 80.85 points, an increase of 0.27% over the past 24 hours; the USDT OTC Index (USDT OTC Index) was reported at 101.98 points, an increase of 0.07% over the past 24 hours.

After BTC fell below the 60-day moving average, it rebounded to $ 9,000 and then quickly fell back. The support level became pressure. Similar to BTC are BCH, LTC, EOS, BSV, etc. Both long and short are competing fiercely around the 60-day moving average. The subsequent rebound depends on whether the all-rounder stands above the 60-day moving average today, otherwise a new round of decline will come soon.