"Bitcoin Breaks Short-Term Trend Bottom... Market Overheating Eases"

Bitcoin (BTC) has broken below its short-term trend bottom, leading to a correction, according to some opinions.

On the 20th, Dan, an analyst at the on-chain analysis platform CryptoQuant, explained, "Bitcoin has broken below its short-term trend bottom and is undergoing a correction. The short-term overheating is gradually cooling down, and it is necessary to observe how much of a rebound occurs after the correction."

He added, "Currently, Bitcoin dominance is rising, which may cause fear among altcoin investors, but as we move towards the latter part of the upward cycle, the rise is significant and the correction period is short. It doesn't seem likely that there will be a prolonged period of frustrating movements."