08:58
Analysis: A turning point in market sentiment is quietly approaching, and the BWTS pattern indicates conditions are in place for a rebound.
On-chain data analyst Murphy pointed out that the short-term Behavior Weighted Trend Signal (BWTS) can identify selling pressure and trend capitulation behavior. A divergence between BWTS and BTC price often signals panic selling has been cleared, indicating a potential rebound. Currently, the BWTS pattern is similar to that after the Luna crash in 2022, suggesting that rebound conditions still exist.
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