PANews reported on November 10th that Matrixport's chart analysis today indicates that the current pullback is approaching a favorable investment range. The RSI recently dipped to 35, and historically, technical buying activity tends to increase around this level; however, its sustainability still awaits confirmation from macroeconomic catalysts. Short-term catalysts include the expectation that the US government shutdown will be resolved this week, and Trump's hints at issuing approximately $2,000 in stimulus checks to the public, reminiscent of the retail investor frenzy driven by these checks in 2020-2021. In summary, given the recent net outflows from ETFs and the institutional wait-and-see approach, the rebound in Bitcoin is limited; the aforementioned catalysts alone are insufficient to drive a trend reversal, and further confirmation from both fundamental and liquidity factors is needed.
Analysis: RSI is trending towards a rebound, while ETF fund flows are cautious; the sustainability of Bitcoin's rebound remains to be seen.
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Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
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