Matrixport: The market may not be close to rebounding yet, waiting for clear signals from the Treasury or the Federal Reserve

Odaily Planet Daily News Matrixport released today's chart saying that Bitcoin is currently in another adjustment phase. Historically, Bitcoin has rebounded significantly in the past four times when the Stochastics Index fell to 15%. However, the index is still at 25%, indicating that the market may not be close to rebounding yet. Although President Trump claimed that China was eager to negotiate, China did not respond, and market sentiment remained cautious. At the same time, although the US stock market has seen a 20% correction, the Treasury or the Federal Reserve has not yet clearly released a signal of support, so now may not be the ideal time to "bottom-fish" Bitcoin before the Stochastics Index approaches the critical 15% threshold.