Opinion: Bitcoin's technical indicators are in a state of extreme depression, a pattern that has occurred seven times in history, with six of those in...

According to Mars Finance, on January 23, @MaxBecauseBTC, founder of the crypto analysis platform BecauseBitcoin, posted an article stating that Bitcoin's 3-day Bollinger Bands are highly compressed, indicating extremely low volatility. This has only occurred 8 times since 2015 (including the current time), and 6 of the last 7 instances resulted in upward breakouts. Combining the Bollinger Band width and the logarithmic MACD indicator, @MaxBecauseBTC emphasized that the current market downturn is about to end.