10x Research: The bull market cycle has shortened, and upcoming tactical events may force bearish traders to close their positions

Odaily Odaily News Crypto Research Agency 10x Research published an article on the X platform saying, "As expected in Monday's market update, Bitcoin rebounded after a sharp drop last week. 'Two of the three reversal indicators have recovered from oversold levels, which means the potential for short-term rebounds and counter-trends. Bitcoin will approach $58,000.' This prediction has been confirmed, and Bitcoin is now up 6% and trading at $57,600. In the absence of an obvious bull market, trading Bitcoin in the current environment has become more challenging. On-chain analysis shows that the bull market cycle has shortened, but there are still opportunities for disciplined traders who can accurately predict macro events and adapt to the evolving Bitcoin market structure. In addition, the report predicts a rebound based on extreme pessimism and the recovery of reversal indicators, identifying upcoming tactical events that are likely to force bearish traders to close their positions. On the contrary, others will begin to establish new long positions in or around in anticipation of or around these events."