财经少华
财经少华|Feb 11, 2025 02:33
Analysis of Bitcoin's Trend on February 11, 2025: -On a technical level: From a recent perspective, the price trend of Bitcoin is in a fluctuating adjustment trend. Previously, the price of Bitcoin plummeted to around $91440, but was able to quickly pull back, indicating strong support at this position. However, it is still suppressed by the moving average and the trend is relatively weak. -On the news level: Recently, there has been a lack of policy incentives for Bitcoin in the United States, and the Hong Kong Investment Promotion Agency's approval of investment immigration applications with ETH as asset proof has limited impact on boosting Bitcoin prices. The overall market news is relatively flat, making it difficult to form a strong upward momentum. -On the market sentiment level: Due to the significant fluctuations in Bitcoin prices and the recent downward trend, some investors may experience panic and choose to sell and leave. However, there are also some investors who believe that the price drop is a buying opportunity and will engage in low-level positioning. There is a certain degree of divergence between long and short positions. Follow me to learn more about the cryptocurrency industry and consult with you.
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