10x Research Founder: BTC Stands Firm on Short/Medium-Term Moving Averages, Dominance Rate Exceeds 60% Releases Bullish Signal

According to Odaily, 10x Research founder Markus Thielen posted on X platform that Bitcoin has now risen above the 7-day and 30-day moving averages, with short-term and medium-term trends remaining bullish. It has gained 1.1% in the past week. News of continued institutional buying and ongoing accumulation by large corporate treasuries has further boosted market confidence. However, influenced by the historical pattern of "buy the rumor, sell the news," the market subsequently experienced a brief consolidation.Markus Thielen analyzed that hints from White House advisors about an upcoming major announcement regarding national strategic reserves have also strengthened bullish market sentiment. With Bitcoin's dominance rate remaining above 60%, some altcoins are quietly forming a bottom driven by fundamental catalysts. Projects related to privacy coins and RWA infrastructure are particularly worth paying close attention to.