#比特币价格走势分析 Looking back at history, it's not hard to see that the Bitcoin market is always full of drama. This time, the fact that BlackRock’s IBIT fund saw net outflows of over $1 billion in a single week inevitably brings to mind the crash of 2018. At that time, there was also a massive panic sell-off by investors, which led to a market plunge. But history tells us that after every major drop, a new bull market eventually follows.

Currently, the price of Bitcoin has fallen below $90,000, hitting a new seven-month low. From a technical perspective, the price has dropped below both the 50-day and 200-day moving averages, and it may continue to decline in the short term. However, the RSI indicator shows that the market is already in oversold territory, so a rebound may be imminent.

For investors who have experienced multiple bull and bear cycles, this kind of pullback is not unusual. The important thing is to remain rational and carefully assess the risks. Some institutions, like MicroStrategy, have indicated they may take advantage of this opportunity to increase their holdings, which could be a signal. However, we also need to be cautious and avoid blindly chasing the highs or selling in panic.

Overall, the long-term outlook for Bitcoin remains bright. But in the short term, volatility is inevitable, and investors need to be mentally prepared. In the coming period, I will closely monitor institutional moves and changes in technical indicators. After all, history always repeats itself, but each repetition is slightly different. What we need to do is draw wisdom from history and make the right judgments in the present.