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Drop! Drop! Drop! When will Bitcoin rebound?
Recently, BTC has been continuously declining, causing many investors to feel anxious. From a technical perspective, the MACD indicator remains flat at low levels, trading volume continues to shrink, and selling pressure is gradually depleting, possibly brewing a oversold rebound.
On the news front, regulatory policies in many countries are becoming clearer, Wall Street institutions are continuously entering the cryptocurrency market, and long-term funds are quietly flowing in.
However, short-term market sentiment remains fragile. The Federal Reserve's rate hike expectations fluctuate, which will still cause disturbances to the market. We can patiently wait for trading volume to effectively increase and for the price to stabilize above key support levels before considering entering. The market is never short of opportunities; stay rational and wait patiently for dawn. $BTC