Overall, Bitcoin has shown a continuous strengthening trend over the past few weeks, during which there has not been any significant adjustment. We have gradually moved from the extreme fear zone into the bottom probing area, but we have not yet entered the extreme bottom zone, indicating that the current market investors have not fallen into an irrationally optimistic state. From the 30-day moving average perspective, we have just transitioned from the neutral zone into the bottom probing area, and during this cycle, the two waves of main rise have both entered the extreme bottom zone. If there are not too many unfavourable information factors appearing, this rising trend will continue for some time.
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#BTC Market Outlook
Overall, Bitcoin has shown a continuous strengthening trend over the past few weeks, during which there has not been any significant adjustment. We have gradually moved from the extreme fear zone into the bottom probing area, but we have not yet entered the extreme bottom zone, indicating that the current market investors have not fallen into an irrationally optimistic state. From the 30-day moving average perspective, we have just transitioned from the neutral zone into the bottom probing area, and during this cycle, the two waves of main rise have both entered the extreme bottom zone. If there are not too many unfavourable information factors appearing, this rising trend will continue for some time.