The market’s negative digestion is coming to an end

The Mentougou incident has come to fruition: The Mentougou incident has come to fruition, and the related BTC selling pressure is controllable. The market's previous concerns about the Mentougou incident have been gradually digested. With the smooth progress of compensation, the negative impact is gradually weakening.

The panic index is high: The current market sentiment has reached a panic level, indicating that the washout process is coming to an end. Historical data shows that when the fear index reaches a high point, the market usually shows signs of rebounding shortly afterwards, so a recovery is in sight.

On-chain data is sluggish: On-chain activities for BTC and ETH have been significantly sluggish recently, and gas fees are also at a low level. This situation often indicates that market participants have a strong wait-and-see mood. Once market sentiment improves, a rebound may follow.

SEC's attitude softens: The SEC's attitude toward the crypto market has changed positively and it has recently approved multiple ETF applications. This is not only good for Bitcoin, but also for other altcoins, and market confidence in the regulatory environment is returning.

Taken together, the market environment is improving, and the combination of multiple positive factors is expected to promote a market rebound. Investors can pay attention to these positive signals and make corresponding investment arrangements. If you still can't see the market trend clearly, I suggest you follow me first, V--交-流+: wbe3_BTC to learn the knowledge of the currency circle and lay a solid foundation to go further.