There is positive news on the macro level: interest rate cuts have been implemented, and balance sheet reduction has been paused, so liquidity expectations are shifting.
The technical chart also aligns: the weekly chart has already closed four consecutive bearish candles, which means the correction period has been sufficient. There is a clear bottoming pattern around the 80,000 level, and the downward momentum has basically been exhausted.
With both signals resonating, there is a high probability that a rebound trend will follow.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
6
Repost
Share
Comment
0/400
BTCWaveRider
· 14h ago
Rate cuts plus a pause in balance sheet reduction—this move is definitely something. The 80,000 bottoming pattern is clear, and the momentum for a rebound is building up.
View OriginalReply0
ImpermanentPhobia
· 12-08 05:31
That key level of 80,000 was really tested hard. With both rate cuts and a pause in balance sheet reduction, there’s still a chance for a rebound this time.
View OriginalReply0
LayerZeroHero
· 12-08 05:30
Rate cuts + bottoming out, there’s definitely something going on. But whether 80,000 can hold is the real key.
View OriginalReply0
MysteryBoxAddict
· 12-08 05:28
Rate cuts + pause on balance sheet reduction? Damn, that's a pretty aggressive combo. A shift in liquidity means it's a signal for money to enter the market, right?
View OriginalReply0
TommyTeacher1
· 12-08 05:27
Rate cuts + pause on balance sheet reduction, liquidity is really shifting, this wave of signals is definitely something.
View OriginalReply0
ForkThisDAO
· 12-08 05:22
Rate cuts plus a pause in balance sheet reduction—this combo is pretty intense. Four consecutive weekly declines to form a bottom, failing to break 80,000 looks really bad. There should still be some holdings left when the rebound comes.
#美联储重启降息步伐 I'm bullish this month.
There is positive news on the macro level: interest rate cuts have been implemented, and balance sheet reduction has been paused, so liquidity expectations are shifting.
The technical chart also aligns: the weekly chart has already closed four consecutive bearish candles, which means the correction period has been sufficient. There is a clear bottoming pattern around the 80,000 level, and the downward momentum has basically been exhausted.
With both signals resonating, there is a high probability that a rebound trend will follow.