[Viewpoint: Bitcoin's Macro Bottom May Have Formed, Three Long-Term Indicators Suggest Cycle Bottom] BlockBeats News, August 7, crypto analyst Alicharts published a detailed article stating that Bitcoin's macro bottom may have already formed. The reasons include the following three points: 1. A TD Sequential buy signal has appeared on Bitcoin's monthly chart. This signal is relatively rare and successfully marked the market bottom in 2022. It may now be pointing to a similar bottom again. 2. Bitcoin is hovering near the 50-month simple moving average. Since 2014, this multi-year support level has often coincided with significant market bottoms. 3. The Chande Momentum Oscillator (CMO) has dropped to -71. The last time it reached this level was in June (when Bitcoin fell toward the $57,000 range). Historically, such low readings have often coincided with major bottoms. Note: The Chande Momentum Oscillator is used to measure the relative strength of upward momentum versus downward momentum over a period of time, helping to determine whether the market is overbought or oversold, as well as the strength of trends. [Original Link]