Analyst: Bitcoin's weekend rebound does not mean its adjustment has ended
Exchange analysts warn cryptocurrency investors that Bitcoin's rebound over the weekend does not mean its correction has ended, and the asset may further decline in the near future. The market is currently in a news-driven environment, where cryptocurrency prices are more determined by news agendas rather than fundamentals. In the latest report, experts believe that this week's market response is crucial, especially when traditional markets open, supply eased over the weekend may resume.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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