$BTC Fellow traders, Katie Stockton from Fairlead Strategies said that after $BTC fell to $60,000, several long-term technical indicators issued oversold signals. She thinks this could be an important low point. Take a look—this guy’s analysis is pretty “technical.” He says long-term momentum has been exhausted, and it’s not just a simple short-term rebound. But in the end, this is still a chart game—when you compare it to gold, it feels a bit too profound. Personally, I still think that after such a big pullback, nobody can really say where the bottom is. Better to wait for it to stabilize before stepping in—otherwise you might get trapped in the next round.

(via news_bitcoin_zh)
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