#比特币价格分析 Analyzing the latest market data, Bitcoin indeed shows signs of short-term bottoming. The RSI is approaching 30, a level historically associated with market bottoms. Large investors are beginning to build long positions, and market sentiment is in an extreme fear zone. This combination often signals a rebound.
On the technical side, BTC is trading about ($102,000) away from the 50-week moving average, with similar past situations often leading to a pullback. However, caution is advised, as this may just be a short-term rebound rather than the start of a new bull market.
On the macro front, market expectations of the end of QT and potential rate cuts may benefit risk assets. It is recommended to closely monitor large capital flows and futures market trends to assess the sustainability of the rebound. In the short term, there may be an upward move to the $100,000-$110,000 range, but vigilance is needed for the possibility of deeper corrections.
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#比特币价格分析 Analyzing the latest market data, Bitcoin indeed shows signs of short-term bottoming. The RSI is approaching 30, a level historically associated with market bottoms. Large investors are beginning to build long positions, and market sentiment is in an extreme fear zone. This combination often signals a rebound.
On the technical side, BTC is trading about ($102,000) away from the 50-week moving average, with similar past situations often leading to a pullback. However, caution is advised, as this may just be a short-term rebound rather than the start of a new bull market.
On the macro front, market expectations of the end of QT and potential rate cuts may benefit risk assets. It is recommended to closely monitor large capital flows and futures market trends to assess the sustainability of the rebound. In the short term, there may be an upward move to the $100,000-$110,000 range, but vigilance is needed for the possibility of deeper corrections.