Data: Bitcoin is at a key support level, and a drop below the 365-day moving average may trigger a deep correction

ChainCatcher news, Glassnode stated that Bitcoin is currently between key support levels, with the price below the 200-day moving average ($107,400) but slightly above the 365-day moving average ($99,900). Analysts point out that holding above the 365-day moving average is crucial for stabilizing market trends, and a break below it could trigger a deeper correction.