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#比特币行情观察 Analyst: Bitcoin has likely bottomed out in the short term, and a $100,000 rebound may occur.



After experiencing weeks of strong selling, Bitcoin may be building a short-term bottom. A market analyst believes that the market conditions are in place to drive Bitcoin towards a rebound in the range of $100,000 to $110,000.
Trader Mister Crypto stated that Bitcoin's short-term structure is showing signs of stabilization after what he referred to as a "surrender-style sell-off" in the market. He pointed out that indicators related to trader behavior show that large players have begun to open new long positions as market sentiment has plunged into the extreme fear zone, and this combination has historically often signaled a rebound during downturns. One of the key technical signals he cited is the RSI (Relative Strength Index) on the Bitcoin weekly chart, which is currently approaching the 30 level. He said, "We are seeing the bottom of Bitcoin here. The RSI is close to 30. Boom (bottoming out)."
The analyst stated that this area has often coincided closely with market bottoms in previous cycles. Although he cautioned that this does not guarantee that a new bull market has begun, it typically indicates that at least one short-term rebound is likely to occur.
Another factor supporting the rebound perspective is the distance between Bitcoin and the 50-week moving average (approximately $102,000). According to analysis, in past cycles, after Bitcoin fell below this moving average, there were multiple occurrences of a pullback to that level. The current expectation is that Bitcoin may experience a rebound, bringing the price back into the six-figure range, and only then could a deeper trend potentially emerge in the future.
The macro environment has also increased optimism in the short term. He pointed out that the market expects quantitative tightening (QT) may soon come to an end, while there is speculation that interest rates may be cut again at the upcoming monetary policy meeting. These two developments often ease financial conditions, which is favorable for risk assets such as Bitcoin.
BTC2.25%
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Long-shortEquityStrategyMastervip
· 12-01 05:08
Quick, enter a position! 🚗
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Crypto_Wizvip
· 11-30 15:38
Watching Closely 🔍
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Falcon_Officialvip
· 11-30 10:00
Watching Closely 🔍
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YingYuevip
· 11-30 09:14
Watching Closely 🔍
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HighAmbitionvip
· 11-30 09:12
Watching Closely 🔍
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Ybaservip
· 11-30 08:59
Watching Closely 🔍
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LittleGodOfWealthPlutusvip
· 11-30 08:46
Get rich, get rich 😘
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币圈犀牛哥加密公社vip
· 11-30 07:32
Steadfast HODL💎
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Sakura_3434vip
· 11-30 06:51
Hold on tight, we are about to To da moon 🛫
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Discoveryvip
· 11-30 04:12
thanks for the information and sharing
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