🚀 Coinbase publishes: After Bitcoin’s wild ride, what’s the future? 🚀
Coinbase’s latest report reveals that while Bitcoin is hitting all-time highs, the cryptocurrency market faces some challenges in the short term. Analysts David Duong and David Han pointed out that the initial rise was triggered by short-selling transactions, but the U.S. Bitcoin ETF remains an important factor supporting Bitcoin demand.
Liquidity issues have been a major impediment to price increases in the past, but that appears to be changing. However, these supportive factors may encounter some macro and technical resistance in the coming weeks.
My point of view? Despite the challenges facing the market, Bitcoin’s fundamentals remain strong. The launch of the Beautiful Country Bitcoin ETF may drive more funds into the market. I think long-term Bitcoin investors still deserve optimism, but may face volatility in the short term. Pay close attention to market dynamics and make wise investment decisions! 💡📈
