PANews reported on November 25 that Matrixport released an analysis today pointing out that Bitcoin's recent rapid rebound after a significant correction was mainly driven by sentiment recovery. The report last Friday mentioned that after sentiment indicators fell to extreme levels, the probability of a short-term rebound increased, and this phase of rebound has now materialized. However, analysts believe that this is not a signal of the start of a new bull market. The current market structure is complex, and risk appetite is weak. The rebound is more suitable as a short-term tactical trading opportunity than the starting point of a trend.PANews reported on November 25 that Matrixport released an analysis today pointing out that Bitcoin's recent rapid rebound after a significant correction was mainly driven by sentiment recovery. The report last Friday mentioned that after sentiment indicators fell to extreme levels, the probability of a short-term rebound increased, and this phase of rebound has now materialized. However, analysts believe that this is not a signal of the start of a new bull market. The current market structure is complex, and risk appetite is weak. The rebound is more suitable as a short-term tactical trading opportunity than the starting point of a trend.
Analysis: The recent rebound in Bitcoin is a short-term opportunity driven by sentiment recovery, not a signal of a new bull market.
PANews reported on November 25 that Matrixport released an analysis today pointing out that Bitcoin's recent rapid rebound after a significant correction was mainly driven by sentiment recovery.
The report last Friday mentioned that after sentiment indicators fell to extreme levels, the probability of a short-term rebound increased, and this phase of rebound has now materialized. However, analysts believe that this is not a signal of the start of a new bull market. The current market structure is complex, and risk appetite is weak. The rebound is more suitable as a short-term tactical trading opportunity than the starting point of a trend.
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