The US stock market and the crypto market continue to rebound, and Bitcoin is accumulating strength below $60,000

The US stock market and the crypto market have continued to rebound recently, and Bitcoin is accumulating strength below $60,000.

From the perspective of capital flow, the market remains relatively cautious, and small-scale funds cannot significantly drive the market. At present, the market is still in the stage of repair and rebound after oversold, and the extent of the rebound still depends on the macro-favorable stimulus of the Federal Reserve.

The market lacks obvious hot spots recently, and the hype of meme coins has receded, resulting in the performance of SOL ecological tokens no longer being strong. With the popularity of Fractal Bitcoin, the influx of market funds may promote the hype of the Bitcoin ecosystem. In this wave of rebound, Bitcoin is likely to break through the $60,000 mark again.

From the perspective of technical analysis, since Bitcoin hit a record high of $73,000 in March this year, the market has experienced three waves of adjustments, with highs of $73,000, $72,000 and $70,000, and lows of $57,000, $54,000 and $49,000, showing a typical downward trend. The trading volume and market heat have gradually declined, and even ETF funds have begun to stabilize. At present, the market is still in a downward trend. 📈 Want to learn more about the logic of cryptocurrency investment? Please visit my main page Ye Jianjie.

The current inventory of Bitcoin in centralized exchanges (CEX) is already at a low level, and the market value of stablecoins has exceeded a new high of 170 billion US dollars, indicating that the supply is reduced but the funds waiting to enter the market have reached a record high. If market confidence is restored and a clear upward breakthrough trend is formed, the reopening of the bull market is worth looking forward to.

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