Matrixport released a daily chart analysis saying that, driven by the decline in bitcoin dominance, our tactical model once sent a rebound signal, and traders of counterfeit products once ushered in a short window of operation. However, as the total market value of cryptocurrencies turned down again, this signal quickly reversed.
For investors in counterfeit products, the past year or two has been challenging, if not difficult. During this period, our model has favored Bitcoin over counterfeit products for most of the time. Historically, it is rare for counterfeit products to consistently underperform during the Bitcoin bull market. The current short-term outlook for Bitcoin has weakened, and the pressure on counterfeit products may continue to exist.
In this market environment, traders should focus on the top quality currencies and prioritize strict risk control discipline. The market structure has shifted from the simple "only do long, fixed investment" model in the past to a new stage that requires precise timing, active adjustment of positions and high attention to capital preservation.
Matrixport: The current short-term outlook for bitcoin has weakened, and the pressure on counterfeit products may continue
2025-12-17 06:11:17
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