From the BTCUSD technical chart, the price has fallen below the key support area, indicating a downward trend. The support level that maintains Bitcoin stability has been broken, and Bitcoin has difficulty maintaining gains above $90,000. This decline is consistent with the negative sentiment observed in fundamentals and technical indicators. In addition, the RSI of 30.92 shows that BTC has exceeded, which indicates that the price may fall further before stabilizing.
Given the obvious demand, concerns about the NVT ratio, and extreme fear in the market, Bitcoin is at risk of further downside. Despite the increasing social volume and dominance, the overall signal indicates that Bitcoin may face continued pressure in the short term. Therefore, BTCUSD seems to face a downtrend of several thousand points or more before any potential recovery. Of course, this is a good time for traders to get high-profit returns. If you don’t know the right entry opportunity when the opportunity comes, pay close attention to my real-time news, which will definitely help you.
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Given the obvious demand, concerns about the NVT ratio, and extreme fear in the market, Bitcoin is at risk of further downside. Despite the increasing social volume and dominance, the overall signal indicates that Bitcoin may face continued pressure in the short term. Therefore, BTCUSD seems to face a downtrend of several thousand points or more before any potential recovery. Of course, this is a good time for traders to get high-profit returns. If you don’t know the right entry opportunity when the opportunity comes, pay close attention to my real-time news, which will definitely help you.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。