Early Morning Trend | BitMine's unusual movement has begun, is a rebound window coming?
BitMine showed significant pre-market volatility today, sparking discussions in the trading community. It was once in a phase of pressure, but short-term funds have been frequently buying in, suggesting that the main force is "taking the lead." Although the trading volume remained low at yesterday's close, the market is mostly still on the sidelines, but the continuous low buying by main funds over the past few days has given the market some short-term expectations. Recently, the cryptocurrency mining sector has been very volatile, but BitMine's performance has clearly shown an independent trend, not following mainstream hotspots. Some traders discuss that this actually lays the groundwork for subsequent catch-up or independent trends. The entire sector has recently seen frequent rotations between AI and cryptocurrency, and BitMine has not experienced a significant drop; instead, there have been large single orders appearing in the market, leading to opinions in the community that "strength is seen in weakness." The current key point is: BitMine is close to the previous support level, and if there are factors for increased volume in the market (such as a surge in Bitcoin, sector movements, or capital inflows), it could trigger a rebound at any time. Otherwise, if funds continue to be inactive, new lows are not impossible. The situation is actually quite simple—if there is movement from funds, this is a short-term betting point. If news or large orders follow, there will be opportunities for space to open up. Short-term risk preference remains very important; one can pay attention to high-frequency discussions in the community and the volatility list, and avoid presetting tops and bottoms, following the main funds. Conclusion: The volatility signal for BitMine has emerged; the next focus is whether funds can ignite a second wave. In any case, as long as there is increased volume, short-term opportunities may explode at any time, and the market is expected to enter a new phase
Technical Forecast·
