10x Research: BTC has recovered from two reversal indicators at deeply oversold levels, making the current environment more challenging for Bitcoin trading

Bitget App

Trade smarter

Bitget2024/09/10 01:04

10x Research posted on social media that two out of three reversal indicators for BTC have recovered from deeply oversold levels, indicating the potential for a short-term rebound. Trading Bitcoin has become more challenging in the current environment without a clear bull market. On-chain analysis shows that the bull market cycle has shortened, but opportunities still exist for disciplined traders who can accurately predict macro events and adapt to the constantly changing Bitcoin market structure.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

The Federal Reserve's overnight reverse repurchase agreement (RRP) usage was $756.1 million on Friday.

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.