The market downtrend is expected to come to an end, and reversal signals have already emerged!

The recent price decline is mainly due to large Bitcoin holders engaging in massive short-selling operations, with current short positions reaching 492 million. In terms of technical indicators, the ENA and MACD indicators have crossed, the coin price has touched the lower band of the Bollinger Bands, and there is significant selling pressure above. These factors have collectively pushed the overall market down.
However, it is worth noting that institutional investment remains active, with BlackRock continuing to increase its Bitcoin holdings, having purchased an additional 525 yesterday.
This correction essentially cleared high-leverage contract positions from the market, and signs of a reversal have already begun to appear based on market performance. For investors holding long positions, there is no need to panic excessively; you can continue to hold and observe.
Market support levels and key price points analysis are crucial for investment decisions, and it is recommended to closely monitor changes in technical indicators.
#MichaelSaylor暗示增持BTC $ETH $SOL