Analysis: RSI is trending towards a rebound, while ETF fund flows are cautious; the sustainability of Bitcoin's rebound remains to be seen.

Matrixport's chart analysis today suggests that the current pullback is approaching a favorable investment range. The RSI recently dipped to 35, and historically, technical buying activity tends to increase around this level; however, its sustainability still awaits confirmation from macroeconomic catalysts. Short-term catalysts include the expectation that the US government shutdown will be resolved this week, and Trump's hints at issuing approximately $2,000 in stimulus checks to the public, reminiscent of the retail investor frenzy driven by these checks in 2020-2021. Overall, given the recent net outflows from ETFs and the institutional wait-and-see approach, the rebound is expected to be limited; the aforementioned catalysts alone are unlikely to drive a trend reversal, requiring confirmation from both fundamental and liquidity factors.