Bitcoin market stabilizes, may rebound after short-term correction

Today (August 16), the Bitcoin market showed some signs of stabilization after a waterfall-like decline in the early hours of yesterday morning. According to market data, the price of Bitcoin has fallen back to the range of US$56,000-57,000, which is consistent with the target area predicted yesterday. This correction process is in line with our previous technical analysis expectations, showing that the market's short-term adjustment pressure has been released.

From a technical point of view, Bitcoin's correction structure has been basically completed, which provides a good entry opportunity for subsequent low-point longs. Investors should pay close attention to market trends and look for suitable low points for layout to seize potential rebounds. At the same time, it is also necessary to pay attention to changes in market sentiment and macroeconomic factors that may affect Bitcoin prices. $BTC $RARE $SYN #新币挖矿TON