What do the seven day simple moving average and the relative strength index tell us about market strength?
Why is this the correct answer?
This is correct because the seven-day simple moving average (SMA) around $110,000 shows a stable price trend and the relative strength index (RSI) near 50 signals neither overbought nor oversold conditions. For beginners, a neutral RSI around 50 suggests that buyers and sellers are evenly matched, which often precedes a potential directional move once a new trend emerges.
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