Analysis: Bitcoin's recent rebound 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 after a significant correction in the previous period, bitcoin's recent rapid rebound has been mainly driven by sentiment recovery.
The report last Friday mentioned that after sentiment indicators dropped to extreme levels, the probability of a short-term rebound increased, and this phase rebound has now materialized. However, the analysis believes that this is not a signal for the start of a new bull market. The current market structure is complex and risk appetite remains weak, so the rebound is more suitable as a short-term tactical trading opportunity rather than the beginning of a trend market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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