📰 【Analysis: Bitcoin has entered a bottoming range, a bull market reversal requires waiting for spot demand to flow back】


BlockBeats news, May 2nd, CryptoQuant analyst Xiao Axel Adler wrote that Bitcoin has now entered the lower boundary zone of the price band model after adjustment, which may be the beginning of the market bottom formation, but it is not something that can be completed in the short term. The analyst estimates that bottoming usually takes about 6 months. A true bull market reversal cannot be driven by emotions or partial rebounds, but only when the market re-sees forward-looking value and genuine spot demand flows back in the long term.
Damn it! Another damn analysis about the “bottoming range”! Six months to bottom? Is this analyst just waking up? Damn it, Bitcoin’s recent shakeout has already made me lose my pants, and you tell me I still have to wait for spot demand to flow back? WDNMD, market maker, if spot demand could flow back, even pigs would be climbing trees! $BTC Right now, it’s fallen so hard that even parents don’t recognize it, don’t expect a short-term reversal, I’m just waiting to see who can’t hold on first! 👇👇👇👇👇
BTC0.16%
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