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BTC's current bear market early stage experienced a rapid decline, and conditions are now being created for a rebound to $85,000#美国CLARITY法案推进
On March 8, well-known analyst Willy Woo posted on X platform stating that although Bitcoin faced local resistance near $75,000, investor capital flows have been steadily recovering since mid-February. Meanwhile, the VIX volatility index for the stock market is hinting that market sentiment may shift towards "risk-on" in the coming weeks.
Willy Woo pointed out that the speed of decline in Bitcoin during the early stage of this bear market was "too fast." The current market environment is creating conditions for a price rebound testing around $85,000 (short-term investor cost basis), but this does not mean the market has bottomed out. From a long-term liquidity perspective, Bitcoin remains in the mid-stage of the bear market. Historically, after similar rapid declines, prices tend to consolidate sideways for a period and test key resistance levels multiple times during the rebound.