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Matrixport: Ideal Bitcoin "Buy the Dip" Opportunity Not Yet Here

2025.04.09 18:24:37

On April 9th, Matrixport released its daily chart analysis indicating that Bitcoin is currently in another correction phase. Historically, in the previous four cases when the Stochastics Index dropped to 15%, Bitcoin has witnessed a significant rebound. However, the current index is at a level of 25%, suggesting that the market may not be close to a rebound opportunity yet. Even though President Trump claimed that China is eager to negotiate, China has not responded, and market sentiment remains cautious. Meanwhile, although the US stock market has experienced a 20% correction, the Treasury Department or the Federal Reserve has not clearly indicated support. Therefore, until the Stochastics Index approaches the crucial 15% threshold, it may not be the ideal time to "buy the dip" in Bitcoin at present.
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