10x Research: Bitcoin will have positive performance in the short term, but it is not a major buying opportunity in the medium term

Odaily News 0x Research said that the downside target of $55,000 for Bitcoin has been reached. As Bitcoin appears to be oversold in the short term, a rebound is possible, and macroeconomic benefits are expected next week. In addition, the SEC may approve an Ethereum ETF, which may trigger positive momentum in the short term. However, they do not believe it is a significant buying opportunity in the medium term.