BTC has temporarily halted its downtrend and is experiencing a technical recovery. The market's focus will shift to the performance of funds after the opening of US stocks tonight.
If traditional markets show a renewed risk appetite and institutional selling pressure eases, Bitcoin is likely to continue its upward recovery; conversely, if funds continue to flow out, there remains a possibility of a second dip in the short term.
From the exchange data, the spot price on Coinbase has shown signs of narrowing its premium by about $30 compared to other platforms, indicating that buying pressure is gradually returning.
On the 4-hour chart, BTC is in a rebound phase after being oversold, but whether this rebound can sustain will depend on the attitude of institutional funds moving forward. Tonight's performance of US stocks will be key in choosing the short-term direction.
If traditional markets show a renewed risk appetite and institutional selling pressure eases, Bitcoin is likely to continue its upward recovery; conversely, if funds continue to flow out, there remains a possibility of a second dip in the short term.
From the exchange data, the spot price on Coinbase has shown signs of narrowing its premium by about $30 compared to other platforms, indicating that buying pressure is gradually returning.
On the 4-hour chart, BTC is in a rebound phase after being oversold, but whether this rebound can sustain will depend on the attitude of institutional funds moving forward. Tonight's performance of US stocks will be key in choosing the short-term direction.
