Crypto analysis platform Matrixport has issued a significant observation about Bitcoin’s price action. Their latest report indicates that BTC is approaching oversold territory according to technical indicators, signaling potential buying opportunities. Matrixport suggests current market conditions present a chance to ‘buy the dip,’ drawing insights from on-chain data and shifts in market structure. 🌎 However, company analysts caution that short-term recoveries may not be sustainable without additional macroeconomic factors, specifically citing the lack of such catalysts currently influencing the global economy. 🌍 Technical indicators like the RSI are displaying signs of stabilization, though Matrixport expects further liquidation and rebalancing before a clear market bottom is established. 📈 Their advice to Bitcoin investors is cautious, urging them to remain vigilant despite oversold signals and to hold on to long-term positions until a definitive signal for bottom formation is observed. *This is not investment advice.*