BTC's short-term trend is diverging, with the $84,000 "CME gap" potentially becoming the short-term focus.
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According to ME News on February 7th (UTC+8), the crypto community is clearly divided on the short-term trend of Bitcoin: some traders are bullish on BTC reaching $84,000, while some analysts warn that the price may fall further. Analyst Keith Alan reminded investors that Bitcoin has not yet bottomed out, and the priority now is to preserve capital, as the downside risk remains high. Rekt Capital also pointed out that Bitcoin may be entering an accelerated bear market phase, with further downside potential remaining. Meanwhile, a new price gap has appeared in the CME Bitcoin futures market, with the $84,000 gap becoming a potential short-term attraction. Traders expect Bitcoin to first correct slightly before surging towards the gap, and then potentially extend above $75,000. The market's core focus remains on the high-level gap and the ability of large institutional buying; the short-term trend will soon become clear. (Source: ME)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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