đ„Hot news is coming! Odaily Planet Daily reported that 10x Research's latest market report pointed out that the combination of Bitcoin's long-term technical aspects, on-chain signals, flow (especially from miner inventory) and market structure data may overwhelm (at least in the short term) the potential bullish arguments from the US presidential election and eventual rate cuts. đ° Bitcoin is now back in the $60,000 to $61,000 range, and a break below this range may lead to liquidation. đź
A well-timed rebound last weekend during a period of extremely low trading volume caused multiple upside liquidations (shorts were stopped out). These simple attempts to stop losses were successful, but now the upside risk from short covering has been reduced and the downside risk has now become a reality. đ±
Yesterday, 10x reiterated its medium-term view that the market will correct further downward. While this may worry some people, it may be a good opportunity for us Bitcoin optimists to invest in the long term. đ Let's continue to pay attention to Bitcoin's dynamics! đ
