Morning Analysis from February 10: Rebound Does Not Indicate Reversal, Focus on Selling Rallies
Although Bitcoin has recently experienced an oversold rebound, technically it remains within a downward channel and is undergoing a technical correction, not a trend reversal. Currently, the bullish momentum is mainly driven by partial short covering. The rebound lacks volume, with insufficient new funds entering the market. Institutional capital has not shown systematic inflows, and overall buying strength remains weak.
From a technical perspective: the price continues to stay below the key moving
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