BIT Weekly Report: BTC technical indicators show oversold signals, but the end of the bear market is still premature

DeepFlowTech · 2026-04-10T06:14:26+00:00

Although several positive factors have recently influenced the market, Bitcoin's response has been tepid and underperformed expectations. Currently, Bitcoin has entered the oversold zone, but the report warns that oversold signals alone cannot determine a trend reversal; attention should be paid to market re-pricing and the implementation of key events. Meanwhile, geopolitical risks have not been fully eliminated.

DeepFlowTech

2026-04-10 06:14:26

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Deep Tide TechFlow News, April 10th, according to the weekly report analysis by BIT on Target, despite multiple positive factors such as recent ceasefire announcements, rising inflation pressures, and increased expectations for the transition of Federal Reserve Chair candidates, the overall response of the Bitcoin market remains subdued, performing noticeably weaker than expected.

On the technical side, Bitcoin has now entered a clearly oversold zone, with the weekly stochastic indicator showing a marginal rebound, but the report warns that it is still premature to judge that the downtrend has ended based solely on oversold signals—similar oversold conditions in 2022 lasted for several months, during which rebound signals ultimately failed to form an effective reversal. The report believes that what is more worth paying attention to now is which price level will trigger the market to reprice and the outcome of two key events next week.

On the geopolitical front, the ceasefire arrangement reached under Trump’s push still faces significant uncertainties in its implementation, Iran’s influence in the Strait of Hormuz remains strong, and related shipping traffic is significantly below normal levels, indicating that geopolitical risks have not yet been fully cleared.

BTC0.39%

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