According to Odaily, 0x Research has reported that Bitcoin's decline target of $55,000 has been achieved. There is a possibility of a rebound in the short term as Bitcoin appears to be oversold. A positive macroeconomic outlook is expected next week.
In addition, the Securities and Exchange Commission (SEC) may approve an Ethereum ETF, which could generate positive momentum in the short term. However, they believe that this is not a significant buying opportunity in the medium term.