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TechFlow news: 10x Research stated that its initial Bitcoin downside target of $55,000 has been reached. Bitcoin appears oversold in the short term, which may lead to a rebound, and macroeconomic tailwinds are expected next week.
In addition, the SEC may approve Ethereum ETFs, which could have a positive short-term impact. However, from a medium-term perspective, they do not consider this a significant buying opportunity.
10x Research stated that its initial Bitcoin downside target of $55,000 has been reached. Bitcoin appears oversold in the short term, which may lead to a rebound, and macroeconomic tailwinds are expected next week. Additionally, the SEC's potential approval of an Ethereum ETF could bring short-term positive momentum. However, from a medium-term perspective, they do not view this as a significant buying opportunity.
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