Bitcoin's recent adjustments are actually related to economic data. It has been observed that the performance of the ISM Manufacturing Index shows an interesting correlation with Bitcoin's price movements—whenever ISM data shows significant fluctuations, Bitcoin responds accordingly. This explains why Bitcoin has recently experienced a period of downward pressure. The good news is that, based on this pattern, the current weak trend may be nearing its end. Once economic data stabilizes or improves, Bitcoin is likely to see a rebound opportunity. So instead of worrying, it's better to pay attention to the subsequent performance of the ISM—this will be an important signal for judging Bitcoin's direction.
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DegenWhisperer
· 9h ago
I've already seen through the ISM data issue; it's just macro strategies playing tricks again. But to be honest, this kind of correlation can sometimes be misleading. Let's wait until the rebound actually happens before making any conclusions.
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ForumMiningMaster
· 10h ago
Hmm... Will ISM data be hot again? It feels like every time economic data is released, someone says the same thing.
Watch ISM? I only look at on-chain data and whale movements. Economists have been making predictions all along.
Forget it, just get on board first. The rebound signals are so obvious.
ISM stabilizes and then rebounds? Use your head, haha.
The key is when it can truly stabilize. Let's wait until it breaks new highs.
Bitcoin's recent adjustments are actually related to economic data. It has been observed that the performance of the ISM Manufacturing Index shows an interesting correlation with Bitcoin's price movements—whenever ISM data shows significant fluctuations, Bitcoin responds accordingly. This explains why Bitcoin has recently experienced a period of downward pressure. The good news is that, based on this pattern, the current weak trend may be nearing its end. Once economic data stabilizes or improves, Bitcoin is likely to see a rebound opportunity. So instead of worrying, it's better to pay attention to the subsequent performance of the ISM—this will be an important signal for judging Bitcoin's direction.