Analysis: Bitcoin is already in a clearly oversold zone, but it is still premature to determine that the downward trend has ended.

ME News Report, April 10 (UTC+8), according to BIT analysis, with the announcement of a ceasefire, inflation pressures have slightly increased, and the expected transition of the Federal Reserve Chairmanship is also heating up. Normally, these factors combined should have led to more obvious market volatility, but Bitcoin’s overall reaction remains relatively limited. Multiple variables unfolding one after another, yet the market reacts calmly; these phenomena are worth noting. From a geopolitical perspective, the ceasefire arrangement reached under Trump’s push still faces significant uncertainties in actual implementation. Iran’s influence on the passage arrangements in the Strait of Hormuz remains strong, with related shipping traffic significantly below normal levels. From a technical standpoint, Bitcoin is already in a clearly oversold zone, with some indicators beginning to show marginal recovery. However, judging that the downtrend has ended based solely on these signals is still premature. In 2022, a similar oversold state lasted for several months, during which rebound signals appeared at times, but ultimately no effective reversal was formed. Rather than whether indicators rebound, it is more important to focus on which price levels will trigger market re-pricing and the outcome of two key events next week. (Source: PANews)