Bitcoin Post-Halving Trends: Short-Term Fluctuations Do Not Change Long-Term Bull Market Logic
After the fourth halving of Bitcoin, the overall network computing power has not seen a significant decline, miner selling pressure is manageable, and on-chain data shows that whale addresses continue to accumulate, with exchange reserves dropping to a five-year low. On the technical front, the 4-hour MACD is about to golden cross. If it breaks through the resistance level of $65,000, it is expected to open a new upward channel. In the medium to long term, with the Federal Reserve's interest rate cut cycle combined with institutional ETF fund inflows, Q3 may challenge historical highs. It is recommended to pay attention to the impact of U.S. CPI data on market sentiment, with a short-term support level at $58,000.
Note: The above content is for simulated analysis only and does not constitute investment advice. The cryptocurrency market is highly volatile; please make cautious decisions.
