Analysis: Bitcoin stabilizes against the trend, releasing a strong signal, and may rebound to $75,000

According to CoinDesk, amidst the rising uncertainty in the U.S.-Iran situation and weakening expectations for macro liquidity, Bitcoin remains fluctuating above $70,000, demonstrating strong market resilience.

Despite facing multiple bearish factors, including the complete pricing in of the Federal Reserve's interest rate cut expectations for the year, tightening regulation on stablecoins (Circle's stock price drop), and news that Bhutan may sell about $30 million in BTC, Bitcoin's pullback has been limited and the decline short-lived.

Analysts believe that when prices do not decline despite the release of numerous negative factors, it usually indicates strong potential buying interest. Coupled with the factors of this cycle's options expiration, the market may have the momentum to rebound to $75,000.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.