Bitcoin once again tested the bottom last night and then rebounded. Whether the current rebound can be established depends critically on whether the mid-position of the descending channel can be effectively broken. If a valid breakthrough occurs on the technical side, it indicates a confirmation of a phase bottom, and there is hope for a rebound structure of a small wave 5.
The overall market remains within a downward channel, and the weak trend pattern has not changed for the time being.
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#BTC market update:
Bitcoin once again tested the bottom last night and then rebounded. Whether the current rebound can be established depends critically on whether the mid-position of the descending channel can be effectively broken.
If a valid breakthrough occurs on the technical side, it indicates a confirmation of a phase bottom, and there is hope for a rebound structure of a small wave 5.
The overall market remains within a downward channel, and the weak trend pattern has not changed for the time being.