10x Research warns: Bitcoin may usher in a false break? Investors need to be vigilant
Recently, 10x Research issued a message on social media to warn investors that after Bitcoin's triangular consolidation, they need to pay attention to potential false break price behavior. According to the agency's analysis, Bitcoin's relative strength has fallen back to a low of 40% in this adjustment, which is similar to Bitcoin's three adjustments since the beginning of 2023.
For investors, this warning means that the Bitcoin market may see greater volatility and uncertainty. During the consolidation and adjustment of Bitcoin prices, false breakouts may trigger panic among investors, leading to unnecessary transactions and losses.
Therefore, investors need to remain calm and respond cautiously to market fluctuations. In addition to paying attention to price changes, it is also necessary to pay close attention to the market's fundamentals and technical indicators to more comprehensively and accurately assess market trends and make corresponding investment decisions.
In general, fluctuations in the Bitcoin market are normal, but investors need to have enough patience and calmness to avoid risks and seize investment opportunities.
