TechFlow news, on April 9, Matrixport released a chart indicating, "Bitcoin is currently undergoing another adjustment phase. Historically, the past four times when the Stochastic Index dropped to 15%, Bitcoin saw significant rebounds. However, the current reading remains at 25%, suggesting the market may not yet be close to a rebound opportunity.
Despite President Trump's claim that China is eager to negotiate, China has not responded, and market sentiment remains cautious. Meanwhile, although U.S. stocks have already seen a 20% correction, neither the Treasury nor the Federal Reserve has clearly signaled support. Therefore, before the Stochastic Index approaches the critical threshold of 15%, it may not yet be the ideal time to 'buy the dip' on Bitcoin."
