10x Research: We expect positive macroeconomic news next week, but this is not a major buying opportunity in the medium term

According to TechFlow, 10x Research said that its initial Bitcoin downside target of $55,000 has been reached. Bitcoin appears to be oversold in the short term and may rebound, and macroeconomic benefits are expected next week.

Additionally, the SEC may approve an Ethereum ETF, which could be positive in the short term. However, in the medium term, they do not believe this is a significant buying opportunity.