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10x Research: Bitcoin will have positive performance in the short term, but it is not a major buying opportunity in the medium term

10x Research stated that the target for Bitcoin's decline to $55,000 has been reached. As Bitcoin seems oversold in the short term, a rebound may occur, and macroeconomic benefits are expected to emerge next week. In addition, the SEC may approve the Ethereum ETF, which could trigger a positive trend in the short term. However, they believe that it is not a significant buying opportunity in the medium term.

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