10x Research: Speculative traders may have shifted from Bitcoin to Chinese stocks, and Bitcoin's short-term technical indicators may be overbought

2024-10-01 09:13:20
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ChainCatcher news, 10x Research stated in its latest report that the crypto market is undergoing some significant changes. While short-term concerns are evident, larger trends may soon overshadow these worries. Last night's market adjustment may have stemmed from weak economic data from China, indicating a need for additional stimulus measures.

As a result, speculative traders may have shifted from Bitcoin to Chinese stocks for higher beta exposure. There are also concerns about the weakness at the beginning of the month. Additionally, Bitcoin's short-term technical indicators appear to be overbought.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
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