February 11, 2025 Bitcoin Trend Analysis:
- Technical Aspects: Recently, the price trend of Bitcoin has been in a consolidation adjustment trend. Previously, the price of Bitcoin experienced a significant drop, falling to around $91,440, but it was quickly pulled back, indicating strong support at that level. However, it is still under pressure from moving averages, and the trend remains relatively weak.
- News Aspects: Recently, the U.S. has lacked favorable policy news to stimulate Bitcoin, and positive news such as the Hong Kong Investment Promotion Agency approving investment immigration applications using ETH as asset proof has limited effects on Bitcoin's price. Overall, the market news is relatively tepid, making it difficult to form a strong upward push.
- Market Sentiment: Due to significant fluctuations in Bitcoin's price and a certain downward trend recently, some investors may be experiencing panic and choose to sell off. However, some investors believe that the price drop presents a good buying opportunity and will position themselves at lower levels, leading to certain divergences between bulls and bears.
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