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Bit #BITCOIN weekly line triggers oversold signal again.
In the past 2,499 days (nearly 7 years), this signal has appeared only 6 times, and this is the 7th time.
Looking back: 2 times marked the start of a bull market, 4 times brought technical rebounds, with the smallest increase exceeding 45%.
Although I currently hold long positions, I do not predict, nor blindly believe this is the bottom, and I will not draw an arrow to point precisely where, like analysts do. twitter.com/CycleStudies/statu...
2025/04/08 09:43 :
Bit #BITCOIN just appeared a weekly-level oversold signal again.
Looking back over the past 1,365 days, such signals have occurred 4 times:
The first time was on July 12, 2021, followed by a 114.95% rebound
The second time was on January 17, 2022, with a 41.86% rebound
The third time was on June 13, 2022, with a 13% rebound
The fourth time was on September 4, 2023 - which was the starting point of this bull market, with a maximum increase of 330.77%.
The only shortcut is not to take shortcuts.
Sector:
Signal Square
Channel.SubscribedNum 52230
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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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