200-Day Moving Average as Structural AnchorRegardless, the 200-day moving average was confirmed as support during the recent sharp selloff that generated a higher swing low at $4,099 in March. That was the first time it was tested since February 2024 and it should mark signs of support again, if approached. Moreover, it would not be surprising to see a bottom to the current retracement established without another test of support near the 200-day moving average. This reinforces the idea that intermediate sup ...