Bitcoin short-term - down
2025-02-12
Category: None

Although the current Bitcoin price is at a high level and seems to be stable, it faces certain downside risks in the short term. The main reasons are as follows:

1. Technical overheating: Bitcoin has been rising for a while, and technical indicators show overbought, such as RSI and other overbought signals, indicating that the market may need to adjust in the short term.

2. Risk of capital outflow: As prices continue to rise, some short-term funds may begin to choose to take profits, which will lead to certain selling pressure and thus lower prices.

3. Macroeconomic impact: Global economic uncertainty still exists, and the rebound in the US dollar and US bond yields may cause funds to flow back to traditional markets and weaken the demand for Bitcoin.

4. The decline in market sentiment: Because Powell's speech will have an impact on the cryptocurrency market, the current market sentiment is relatively overly optimistic. If there is no strong positive news in the short term, market sentiment may turn cold, leading to a price correction.

Conclusion:
In the short term, Bitcoin prices may face technical adjustments, and a correction to 93K-95K is a more reasonable expectation.