<p>C&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7911;a Wolfe Research nh&#7845;n m&#7841;nh m&#7897;t th&#7901;i &#273;i&#7875;m &ldquo;m&acirc;u thu&#7851;n t&#7889;i &#273;a&rdquo; hi&#7871;m c&oacute; trong th&#7883; tr&#432;&#7901;ng crypto, khi t&acirc;m l&yacute; chia r&#7869; gi&#7919;a nh&#7919;ng ng&#432;&#7901;i cho r&#7857;ng th&#7883; tr&#432;&#7901;ng g&#7845;u &#273;&atilde; ch&#7841;m &#273;&aacute;y v&agrave; nh&#7919;ng ng&#432;&#7901;i kh&aacute;c k&#7923; v&#7885;ng v&agrave;o s&#7921; suy gi&#7843;m th&ecirc;m. Bitcoin v&#7851;n &#7903; m&#7913;c tr&ecirc;n 90,000 USD, trong khi c&aacute;c t&agrave;i s&#7843;n s&#7889; l&#7899;n &#273;&atilde; gi&#7843;m t&#7915; 20-50% ch&#7881; trong ba th&aacute;ng.</p>
<p>S&#7921; chia r&#7869; s&acirc;u s&#7855;c n&agrave;y trong t&acirc;m l&yacute; l&#7883;ch s&#7917; &#273;&atilde; th&#432;&#7901;ng b&aacute;o tr&#432;&#7899;c nh&#7919;ng s&#7921; &#273;&#7843;o chi&#7873;u gi&aacute; quan tr&#7885;ng, theo &#273;&#7841;i di&#7879;n c&#7911;a c&ocirc;ng ty. &#272;&#7897;i ng&#361; Wolfe Research &#273;&atilde; x&aacute;c &#273;&#7883;nh c&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t v&agrave; &#273;&#7897;ng l&#7921;c &#273;ang n&#7893;i l&ecirc;n c&oacute; th&#7875; quy&#7871;t &#273;&#7883;nh h&#432;&#7899;ng &#273;i c&#7911;a Bitcoin t&#7915; gi&#7901; &#273;&#7871;n cu&#7889;i n&#259;m.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-market-split-creates-historical-setup">Th&#7883; tr&#432;&#7901;ng ph&acirc;n h&oacute;a t&#7841;o ra thi&#7871;t l&#7853;p l&#7883;ch s&#7917;</h2>

<p>Rob Ginsberg v&agrave; Read Harvey, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch t&#7841;i Wolfe Research, m&ocirc; t&#7843; th&#7883; tr&#432;&#7901;ng crypto hi&#7879;n t&#7841;i l&agrave; r&#7845;t &#273;&#7889;i l&#7853;p.</p>
<p>M&#7897;t n&#7917;a s&#7889; ng&#432;&#7901;i tham gia tin r&#7857;ng giai &#273;o&#7841;n th&#7883; tr&#432;&#7901;ng g&#7845;u ch&#7881; m&#7899;i b&#7855;t &#273;&#7847;u, trong khi ph&#7847;n c&ograve;n l&#7841;i th&#7845;y r&#7857;ng &#273;&aacute;y &#273;&atilde; &#273;&#432;&#7907;c thi&#7871;t l&#7853;p.</p>
<p>S&#7921; chia r&#7869; c&#7921;c &#273;oan n&agrave;y, m&agrave; c&ocirc;ng ty <a href="https://www.investing.com/news/stock-market-news/now-is-the-time-to-buy-the-dip-in-crypto-wolfe-says-4390484?" target="_blank" rel="noreferrer noopener nofollow">g&#7885;i</a> l&agrave; &ldquo;m&acirc;u thu&#7851;n t&#7889;i &#273;a&rdquo;, &#273;&atilde; th&#432;&#7901;ng b&aacute;o tr&#432;&#7899;c nh&#7919;ng b&#432;&#7899;c ngo&#7863;t quan tr&#7885;ng.</p>
<p>D&ugrave; Bitcoin m&#7899;i <a href="https://vn.beincrypto.com/bitcoin-price-15-percent-breakout-risk-analysis/" target="_blank" rel="noreferrer noopener">t&#259;ng tr&ecirc;n 90,000 USD</a>, th&#7883; tr&#432;&#7901;ng chung v&#7851;n &#273;ang g&#7863;p &aacute;p l&#7921;c. G&#7847;n nh&#432; m&#7885;i <a href="https://vn.beincrypto.com/thi-truong-tien-dien-tu-17-6/" target="_blank" rel="noopener"> cryptocurrency l&#7899;n</a> &#273;&#7873;u &#273;&atilde; gi&#7843;m t&#7915; 20% &#273;&#7871;n 50% trong ba th&aacute;ng qua, cho th&#7845;y l&ograve;ng tin v&agrave;o r&#7911;i ro v&#7851;n c&ograve;n th&#7845;p. C&aacute;c d&ograve;ng v&#7889;n &#273;&#7847;u t&#432; c&#361;ng gi&#7919; m&#7913;c y&#7871;u, h&#7841;n ch&#7871; s&#7921; ph&#7845;n kh&iacute;ch v&#432;&#7907;t ra ngo&agrave;i h&agrave;nh &#273;&#7897;ng gi&aacute; h&agrave;ng ng&agrave;y.</p>
<p>Wolfe Research gi&#7919; l&#7853;p tr&#432;&#7901;ng trung l&#7853;p, l&#432;u &yacute; v&#7873; c&#417; h&#7897;i &#273;ang di&#7877;n ra cho c&aacute;c nh&agrave; &#273;&#7847;u t&#432;. C&ocirc;ng ty v&#7851;n d&#7921; &#273;o&aacute;n <a href="https://vn.beincrypto.com/nearly-115-million-longs-liquidated-an-hour-to-october-fomc-minutes-release/" target="_blank" rel="noreferrer noopener">Bitcoin c&oacute; th&#7875; ch&#7841;m &#273;&aacute;y quanh 75,000 USD</a>, ngay c&#7843; khi gi&aacute; hi&#7879;n t&#7841;i &#273;ang giao d&#7883;ch cao h&#417;n &#273;&aacute;ng k&#7875;. &#272;i&#7873;u n&agrave;y c&oacute; ngh&#297;a l&agrave; n&#7871;u k&#7883;ch b&#7843;n c&#7911;a h&#7885; di&#7877;n ra, s&#7869; c&oacute; th&ecirc;m 23% gi&#7843;m gi&aacute;.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/ITBkJx5h2TtZEThYTo8O9Lx9jnc=/smart/423eb0fd93904d23baad89cb5bd58c9a" alt="Bitcoin (BTC) Price Performance" class="wp-image-779844">Hi&#7879;u su&#7845;t gi&aacute; c&#7911;a Bitcoin (BTC). Ngu&#7891;n: <a href="https://www.tradingview.com/x/uC6Uyqul/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a> 

<p>C&aacute;c v&ugrave;ng h&#7895; tr&#7907; d&agrave;i h&#7841;n trong th&#7883; tr&#432;&#7901;ng crypto c&#7911;ng c&#7889; ph&acirc;n t&iacute;ch n&agrave;y. Nh&#7919;ng khu v&#7921;c k&#7929; thu&#7853;t n&agrave;y th&#432;&#7901;ng &#273;&aacute;nh d&#7845;u c&aacute;c chu k&#7923; th&#7845;p tr&#432;&#7899;c &#273;&oacute; v&agrave; c&aacute;c b&#432;&#7899;c ngo&#7863;t l&#7899;n, &#273;&oacute;ng vai tr&ograve; ch&#7881; d&#7851;n cho h&agrave;nh vi gi&aacute; hi&#7879;n t&#7841;i.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-etf-flows-signal-institutional-hesitation">D&ograve;ng ti&#7873;n ETF b&aacute;o hi&#7879;u s&#7921; do d&#7921; c&#7911;a t&#7893; ch&#7913;c</h2>

<p>M&#7897;t ch&#7881; s&#7889; ch&iacute;nh c&#7911;a t&acirc;m l&yacute; l&agrave; d&ograve;ng ch&#7843;y t&#7915; c&aacute;c qu&#7929; ETF crypto (qu&#7929; giao d&#7883;ch tr&ecirc;n s&agrave;n). <a href="https://vn.beincrypto.com/bitcoin-etf-record-trading-session/" target="_blank" rel="noreferrer noopener">D&ograve;ng v&#7889;n v&agrave;o Bitcoin ETF v&#7851;n y&#7871;u</a>, khi&#7871;n t&agrave;i s&#7843;n kh&oacute; duy tr&igrave; c&aacute;c &#273;&#7907;t t&#259;ng gi&aacute; tr&ecirc;n m&#7913;c 90,000 USD.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/Lzj5aj-ea96UZUL6MQTX_ttWO_M=/smart/8993d87453cf44e798dd9db51a47e014" alt="Bitcoin ETF Flows" class="wp-image-779845" style="width:877px;height:auto">D&ograve;ng v&#7889;n v&agrave;o Bitcoin ETF. Ngu&#7891;n: <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noreferrer noopener nofollow">SoSoValue</a>

<p>&#272;&#7847;u t&#432; t&#7893; ch&#7913;c, t&#7915;ng m&#7841;nh m&#7869; v&agrave;o &#273;&#7847;u n&#259;m khi c&aacute;c ETF Bitcoin giao ngay ra m&#7855;t, &#273;&atilde; gi&#7843;m &#273;&aacute;ng k&#7875;.</p>
<p>D&#7919; li&#7879;u d&ograve;ng ch&#7843;y ETF g&#7847;n &#273;&acirc;y cho th&#7845;y th&aacute;ng 11 v&agrave; th&aacute;ng 12 &#273;&atilde; ch&#7913;ng ki&#7871;n d&ograve;ng ra &#273;&aacute;ng k&#7875; t&#7915; c&aacute;c s&#7843;n ph&#7849;m Bitcoin ETF l&#7899;n. Xu h&#432;&#7899;ng n&agrave;y cho th&#7845;y c&aacute;c nh&agrave; &#273;&#7847;u t&#432; l&#7899;n ho&#7863;c &#273;ang gi&#7843;m s&#7921; ti&#7871;p x&uacute;c ho&#7863;c ch&#7901; &#273;&#7907;i c&aacute;c t&iacute;n hi&#7879;u r&otilde; r&agrave;ng h&#417;n tr&#432;&#7899;c khi cam k&#7871;t th&ecirc;m v&#7889;n.</p>
<p>&#272;&agrave; t&#259;ng giao d&#7883;ch ch&#432;a quay tr&#7903; l&#7841;i c&ugrave;ng v&#7899;i s&#7921; ph&#7909;c h&#7891;i gi&aacute; Bitcoin. S&#7921; k&#7871;t h&#7907;p c&#7911;a d&ograve;ng ETF ch&#7853;m v&agrave; s&#7921; suy gi&#7843;m t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889; chung t&#7841;o ra m&#7897;t m&ocirc;i tr&#432;&#7901;ng kh&oacute; kh&#259;n cho m&#7897;t &#273;&#7907;t t&#259;ng b&#7873;n v&#7919;ng. C&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; c&#361;ng &#273;ang b&#7883; chia r&#7869;, ph&#7843;n &aacute;nh s&#7921; kh&ocirc;ng ch&#7855;c ch&#7855;n c&#7911;a c&aacute;c t&#7893; ch&#7913;c.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-technical-indicators-show-emerging-momentum">C&aacute;c ch&#7881; b&aacute;o k&#7929; thu&#7853;t cho th&#7845;y &#273;&#7897;ng l&#7921;c &#273;ang n&#7893;i l&ecirc;n</h2>

<p>C&aacute;c ch&#7881; b&aacute;o &#273;&#7897;ng l&#7921;c &#273;ang b&#7855;t &#273;&#7847;u c&#7843;i thi&#7879;n, d&ugrave; s&#7921; th&#7853;n tr&#7885;ng chung v&#7851;n t&#7891;n t&#7841;i. C&aacute;c ch&#7881; s&#7889; MACD h&agrave;ng ng&agrave;y cho th&#7845;y c&oacute; th&#7875; &#273;ang h&igrave;nh th&agrave;nh &#273;&agrave; t&#259;ng t&iacute;ch c&#7921;c. Tuy nhi&ecirc;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7843;nh b&aacute;o kh&ocirc;ng ch&#7855;c ch&#7855;n r&#7857;ng s&#7921; t&#259;ng n&agrave;y b&aacute;o hi&#7879;u cho m&#7897;t &#273;&#7907;t ph&#7909;c h&#7891;i ho&agrave;n to&agrave;n hay ch&#7881; l&agrave; m&#7897;t &#273;&#7907;t ngh&#7881; ng&#417;i ng&#7855;n ng&#7911;i.</p>
<p>Bitcoin &#273;ang ti&#7871;n g&#7847;n &#273;&#7871;n hai m&#7913;c k&#7929; thu&#7853;t quan tr&#7885;ng. Trung b&igrave;nh di &#273;&#7897;ng 50 ng&agrave;y, kho&#7843;ng 98,165 USD, l&agrave; th&#7917; th&aacute;ch &#273;&#7847;u ti&ecirc;n. B&ecirc;n tr&ecirc;n &#273;&oacute;, m&#7913;c quan tr&#7885;ng v&#7873; t&acirc;m l&yacute; 100,000 USD l&agrave; m&#7897;t ng&#432;&#7905;ng &#273;&atilde; kh&oacute; l&#7845;y l&#7841;i v&agrave; duy tr&igrave;.</p>
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/7d0XUDRd6XKP_nrNecWb4iK8hFk=/smart/9896e8a97eb24469b78ddf981a9c0af5" alt="Bitcoin Price Performance" class="wp-image-779847">Hi&#7879;u su&#7845;t gi&aacute; c&#7911;a Bitcoin. Ngu&#7891;n: <a href="https://www.tradingview.com/x/Cs2prEHL/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

<p>Wolfe Research xem x&eacute;t &#273;&#7907;t b&#7853;t ng&#7855;n h&#7841;n g&#7847;n &#273;&acirc;y l&agrave; t&iacute;ch c&#7921;c. Ph&acirc;n t&iacute;ch c&#7911;a h&#7885; l&#432;u &yacute; c&aacute;c t&agrave;i s&#7843;n crypto, so v&#7899;i c&#7893; phi&#7871;u, &#273;&atilde; tr&#7903; v&#7873; c&aacute;c v&ugrave;ng h&#7895; tr&#7907; &#273;&atilde; th&#7845;y &#7903; c&aacute;c &#273;i&#7875;m chuy&#7875;n &#273;&#7893;i tr&#432;&#7899;c &#273;&oacute;. &#272;i&#7873;u n&agrave;y th&ecirc;m nhi&#7873;u ng&#7919; c&#7843;nh cho b&#7889;i c&#7843;nh k&#7929; thu&#7853;t.</p>
<p>T&#7845;t c&#7843; nh&#7919;ng y&#7871;u t&#7889; n&agrave;y t&#7841;o n&ecirc;n m&#7897;t m&ocirc;i tr&#432;&#7901;ng ph&#7913;c t&#7841;p. Kh&aacute;ng c&#7921; k&#7929; thu&#7853;t m&#7841;nh, d&ograve;ng v&#7889;n t&#7893; ch&#7913;c y&#7871;u, v&agrave; s&#7921; suy gi&#7843;m t&agrave;i s&#7843;n c&#7841;nh tranh v&#7899;i s&#7921; c&#7843;i thi&#7879;n &#273;&#7897;ng l&#7921;c v&agrave; c&aacute;c v&ugrave;ng h&#7895; tr&#7907; l&#7883;ch s&#7917;. H&#7895;n h&#7907;p n&agrave;y &#273;&#7883;nh h&igrave;nh c&acirc;u chuy&#7879;n ph&aacute;t tri&#7875;n cho Bitcoin v&agrave; c&aacute;c t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-contrasting-views-define-market-outlook">Quan &#273;i&#7875;m tr&aacute;i chi&#7873;u &#273;&#7883;nh h&igrave;nh tri&#7875;n v&#7885;ng th&#7883; tr&#432;&#7901;ng</h2>

<p>Tr&ecirc;n m&#7841;ng x&atilde; h&#7897;i c&#361;ng nh&#432; trong gi&#7899;i ph&acirc;n t&iacute;ch, t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng r&#7845;t chia r&#7869;. M&#7897;t s&#7889; ng&#432;&#7901;i quan s&aacute;t r&#7845;t ho&agrave;i nghi v&#7873; m&#7913;c gi&aacute; hi&#7879;n t&#7841;i c&#7911;a Bitcoin, <a href="https://x.com/DesoGames/status/1996566290605994021?s=20" target="_blank" rel="noreferrer noopener nofollow">l&#7853;p lu&#7853;n</a> r&#7857;ng nh&#7919;ng m&#7913;c gi&aacute; n&agrave;y kh&ocirc;ng b&#7873;n v&#7919;ng v&agrave; ch&#7881; ra c&aacute;c c&#417; ch&#7871; th&#7883; tr&#432;&#7901;ng nh&#432; ph&aacute;t h&agrave;nh stablecoin l&agrave;m b&#7857;ng ch&#7913;ng.</p>
<p>Nh&#7919;ng ng&#432;&#7901;i kh&aacute;c tin r&#7857;ng s&#7921; &#273;i&#7873;u ch&#7881;nh &#273;&atilde; k&#7871;t th&uacute;c, tham chi&#7871;u c&ugrave;ng c&aacute;c h&#7895; tr&#7907; k&#7929; thu&#7853;t m&agrave; Wolfe Research &#273;&atilde; ch&#7881; ra. Nh&oacute;m n&agrave;y xem gi&aacute; hi&#7879;n t&#7841;i l&agrave; c&#417; h&#7897;i tr&#432;&#7899;c s&#7921; h&#7891;i ph&#7909;c trong t&#432;&#417;ng lai. Cu&#7897;c tranh lu&#7853;n ph&#7843;n &aacute;nh s&#7921; kh&ocirc;ng ch&#7855;c ch&#7855;n xung quanh c&aacute;c y&#7871;u t&#7889; nh&#432; xu h&#432;&#7899;ng v&#297; m&ocirc;, quy &#273;&#7883;nh, v&agrave; s&#7921; ch&#7845;p nh&#7853;n t&#7915; c&aacute;c t&#7893; ch&#7913;c.</p>
<p>Nh&#7919;ng tu&#7847;n t&#7899;i c&oacute; th&#7875; ti&#7871;t l&#7897; xem quan &#273;i&#7875;m n&agrave;o l&agrave; &#273;&uacute;ng. N&#7871;u Bitcoin c&oacute; th&#7875; ph&aacute; v&#7905; v&agrave; gi&#7919; tr&ecirc;n 100,000 USD, th&igrave; phe &#273;&#7847;u c&#417; gi&aacute; l&ecirc;n c&oacute; th&#7875; chi&#7871;m &#432;u th&#7871;. Tuy nhi&ecirc;n, n&#7871;u gi&#7843;m xu&#7889;ng d&#432;&#7899;i 90,000 USD c&oacute; th&#7875; k&iacute;ch ho&#7841;t l&#7841;i vi&#7879;c b&aacute;n ra. T&iacute;n hi&#7879;u &ldquo;b&#7845;t &#273;&#7891;ng t&#7889;i &#273;a&rdquo; c&#7911;a Wolfe c&oacute; th&#7875; s&#7899;m &#273;&#432;&#7907;c gi&#7843;i quy&#7871;t, v&agrave; c&oacute; kh&#7843; n&#259;ng kh&#417;i d&#7853;y m&#7897;t s&#7921; &#273;&#7843;o chi&#7873;u nh&#432; &#273;&atilde; th&#7845;y trong c&aacute;c chu k&#7923; tr&#432;&#7899;c.</p>


Wolfe Research xác định ‘Sự bất đồng tối đa’ là tín hiệu quan trọng cho thị trường Bitcoin: Điều này có ý nghĩa gì?

<p>C&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7911;a Wolfe Research nh&#7845;n m&#7841;nh m&#7897;t th&#7901;i &#273;i&#7875;m &ldquo;m&acirc;u thu&#7851;n t&#7889;i &#273;a&rdquo; hi&#7871;m c&oacute; trong th&#7883; tr&#432;&#7901;ng crypto, khi t&acirc;m l&yacute; chia r&#7869; gi&#7919;a nh&#7919;ng ng&#432;&#7901;i cho r&#7857;ng th&#7883; tr&#432;&#7901;ng g&#7845;u &#273;&atilde; ch&#7841;m &#273;&aacute;y v&agrave; nh&#7919;ng ng&#432;&#7901;i kh&aacute;c k&#7923; v&#7885;ng v&agrave;o s&#7921; suy gi&#7843;m th&ecirc;m. Bitcoin v&#7851;n &#7903; m&#7913;c tr&ecirc;n 90,000 USD, trong khi c&aacute;c t&agrave;i s&#7843;n s&#7889; l&#7899;n &#273;&atilde; gi&#7843;m t&#7915; 20-50% ch&#7881; trong ba th&aacute;ng.</p>
<p>S&#7921; chia r&#7869; s&acirc;u s&#7855;c n&agrave;y trong t&acirc;m l&yacute; l&#7883;ch s&#7917; &#273;&atilde; th&#432;&#7901;ng b&aacute;o tr&#432;&#7899;c nh&#7919;ng s&#7921; &#273;&#7843;o chi&#7873;u gi&aacute; quan tr&#7885;ng, theo &#273;&#7841;i di&#7879;n c&#7911;a c&ocirc;ng ty. &#272;&#7897;i ng&#361; Wolfe Research &#273;&atilde; x&aacute;c &#273;&#7883;nh c&aacute;c t&iacute;n hi&#7879;u k&#7929; thu&#7853;t v&agrave; &#273;&#7897;ng l&#7921;c &#273;ang n&#7893;i l&ecirc;n c&oacute; th&#7875; quy&#7871;t &#273;&#7883;nh h&#432;&#7899;ng &#273;i c&#7911;a Bitcoin t&#7915; gi&#7901; &#273;&#7871;n cu&#7889;i n&#259;m.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-market-split-creates-historical-setup">Th&#7883; tr&#432;&#7901;ng ph&acirc;n h&oacute;a t&#7841;o ra thi&#7871;t l&#7853;p l&#7883;ch s&#7917;</h2>

<p>Rob Ginsberg v&agrave; Read Harvey, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch t&#7841;i Wolfe Research, m&ocirc; t&#7843; th&#7883; tr&#432;&#7901;ng crypto hi&#7879;n t&#7841;i l&agrave; r&#7845;t &#273;&#7889;i l&#7853;p.</p>
<p>M&#7897;t n&#7917;a s&#7889; ng&#432;&#7901;i tham gia tin r&#7857;ng giai &#273;o&#7841;n th&#7883; tr&#432;&#7901;ng g&#7845;u ch&#7881; m&#7899;i b&#7855;t &#273;&#7847;u, trong khi ph&#7847;n c&ograve;n l&#7841;i th&#7845;y r&#7857;ng &#273;&aacute;y &#273;&atilde; &#273;&#432;&#7907;c thi&#7871;t l&#7853;p.</p>
<p>S&#7921; chia r&#7869; c&#7921;c &#273;oan n&agrave;y, m&agrave; c&ocirc;ng ty <a href="https://www.investing.com/news/stock-market-news/now-is-the-time-to-buy-the-dip-in-crypto-wolfe-says-4390484?" target="_blank" rel="noreferrer noopener nofollow">g&#7885;i</a> l&agrave; &ldquo;m&acirc;u thu&#7851;n t&#7889;i &#273;a&rdquo;, &#273;&atilde; th&#432;&#7901;ng b&aacute;o tr&#432;&#7899;c nh&#7919;ng b&#432;&#7899;c ngo&#7863;t quan tr&#7885;ng.</p>
<p>D&ugrave; Bitcoin m&#7899;i <a href="https://vn.beincrypto.com/bitcoin-price-15-percent-breakout-risk-analysis/" target="_blank" rel="noreferrer noopener">t&#259;ng tr&ecirc;n 90,000 USD</a>, th&#7883; tr&#432;&#7901;ng chung v&#7851;n &#273;ang g&#7863;p &aacute;p l&#7921;c. G&#7847;n nh&#432; m&#7885;i <a href="https://vn.beincrypto.com/thi-truong-tien-dien-tu-17-6/" target="_blank" rel="noopener"> cryptocurrency l&#7899;n</a> &#273;&#7873;u &#273;&atilde; gi&#7843;m t&#7915; 20% &#273;&#7871;n 50% trong ba th&aacute;ng qua, cho th&#7845;y l&ograve;ng tin v&agrave;o r&#7911;i ro v&#7851;n c&ograve;n th&#7845;p. C&aacute;c d&ograve;ng v&#7889;n &#273;&#7847;u t&#432; c&#361;ng gi&#7919; m&#7913;c y&#7871;u, h&#7841;n ch&#7871; s&#7921; ph&#7845;n kh&iacute;ch v&#432;&#7907;t ra ngo&agrave;i h&agrave;nh &#273;&#7897;ng gi&aacute; h&agrave;ng ng&agrave;y.</p>
<p>Wolfe Research gi&#7919; l&#7853;p tr&#432;&#7901;ng trung l&#7853;p, l&#432;u &yacute; v&#7873; c&#417; h&#7897;i &#273;ang di&#7877;n ra cho c&aacute;c nh&agrave; &#273;&#7847;u t&#432;. C&ocirc;ng ty v&#7851;n d&#7921; &#273;o&aacute;n <a href="https://vn.beincrypto.com/nearly-115-million-longs-liquidated-an-hour-to-october-fomc-minutes-release/" target="_blank" rel="noreferrer noopener">Bitcoin c&oacute; th&#7875; ch&#7841;m &#273;&aacute;y quanh 75,000 USD</a>, ngay c&#7843; khi gi&aacute; hi&#7879;n t&#7841;i &#273;ang giao d&#7883;ch cao h&#417;n &#273;&aacute;ng k&#7875;. &#272;i&#7873;u n&agrave;y c&oacute; ngh&#297;a l&agrave; n&#7871;u k&#7883;ch b&#7843;n c&#7911;a h&#7885; di&#7877;n ra, s&#7869; c&oacute; th&ecirc;m 23% gi&#7843;m gi&aacute;.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/ITBkJx5h2TtZEThYTo8O9Lx9jnc=/smart/423eb0fd93904d23baad89cb5bd58c9a" alt="Bitcoin (BTC) Price Performance" class="wp-image-779844">Hi&#7879;u su&#7845;t gi&aacute; c&#7911;a Bitcoin (BTC). Ngu&#7891;n: <a href="https://www.tradingview.com/x/uC6Uyqul/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a> 

<p>C&aacute;c v&ugrave;ng h&#7895; tr&#7907; d&agrave;i h&#7841;n trong th&#7883; tr&#432;&#7901;ng crypto c&#7911;ng c&#7889; ph&acirc;n t&iacute;ch n&agrave;y. Nh&#7919;ng khu v&#7921;c k&#7929; thu&#7853;t n&agrave;y th&#432;&#7901;ng &#273;&aacute;nh d&#7845;u c&aacute;c chu k&#7923; th&#7845;p tr&#432;&#7899;c &#273;&oacute; v&agrave; c&aacute;c b&#432;&#7899;c ngo&#7863;t l&#7899;n, &#273;&oacute;ng vai tr&ograve; ch&#7881; d&#7851;n cho h&agrave;nh vi gi&aacute; hi&#7879;n t&#7841;i.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-etf-flows-signal-institutional-hesitation">D&ograve;ng ti&#7873;n ETF b&aacute;o hi&#7879;u s&#7921; do d&#7921; c&#7911;a t&#7893; ch&#7913;c</h2>

<p>M&#7897;t ch&#7881; s&#7889; ch&iacute;nh c&#7911;a t&acirc;m l&yacute; l&agrave; d&ograve;ng ch&#7843;y t&#7915; c&aacute;c qu&#7929; ETF crypto (qu&#7929; giao d&#7883;ch tr&ecirc;n s&agrave;n). <a href="https://vn.beincrypto.com/bitcoin-etf-record-trading-session/" target="_blank" rel="noreferrer noopener">D&ograve;ng v&#7889;n v&agrave;o Bitcoin ETF v&#7851;n y&#7871;u</a>, khi&#7871;n t&agrave;i s&#7843;n kh&oacute; duy tr&igrave; c&aacute;c &#273;&#7907;t t&#259;ng gi&aacute; tr&ecirc;n m&#7913;c 90,000 USD.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/Lzj5aj-ea96UZUL6MQTX_ttWO_M=/smart/8993d87453cf44e798dd9db51a47e014" alt="Bitcoin ETF Flows" class="wp-image-779845" style="width:877px;height:auto">D&ograve;ng v&#7889;n v&agrave;o Bitcoin ETF. Ngu&#7891;n: <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noreferrer noopener nofollow">SoSoValue</a>

<p>&#272;&#7847;u t&#432; t&#7893; ch&#7913;c, t&#7915;ng m&#7841;nh m&#7869; v&agrave;o &#273;&#7847;u n&#259;m khi c&aacute;c ETF Bitcoin giao ngay ra m&#7855;t, &#273;&atilde; gi&#7843;m &#273;&aacute;ng k&#7875;.</p>
<p>D&#7919; li&#7879;u d&ograve;ng ch&#7843;y ETF g&#7847;n &#273;&acirc;y cho th&#7845;y th&aacute;ng 11 v&agrave; th&aacute;ng 12 &#273;&atilde; ch&#7913;ng ki&#7871;n d&ograve;ng ra &#273;&aacute;ng k&#7875; t&#7915; c&aacute;c s&#7843;n ph&#7849;m Bitcoin ETF l&#7899;n. Xu h&#432;&#7899;ng n&agrave;y cho th&#7845;y c&aacute;c nh&agrave; &#273;&#7847;u t&#432; l&#7899;n ho&#7863;c &#273;ang gi&#7843;m s&#7921; ti&#7871;p x&uacute;c ho&#7863;c ch&#7901; &#273;&#7907;i c&aacute;c t&iacute;n hi&#7879;u r&otilde; r&agrave;ng h&#417;n tr&#432;&#7899;c khi cam k&#7871;t th&ecirc;m v&#7889;n.</p>
<p>&#272;&agrave; t&#259;ng giao d&#7883;ch ch&#432;a quay tr&#7903; l&#7841;i c&ugrave;ng v&#7899;i s&#7921; ph&#7909;c h&#7891;i gi&aacute; Bitcoin. S&#7921; k&#7871;t h&#7907;p c&#7911;a d&ograve;ng ETF ch&#7853;m v&agrave; s&#7921; suy gi&#7843;m t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889; chung t&#7841;o ra m&#7897;t m&ocirc;i tr&#432;&#7901;ng kh&oacute; kh&#259;n cho m&#7897;t &#273;&#7907;t t&#259;ng b&#7873;n v&#7919;ng. C&aacute;c nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867; c&#361;ng &#273;ang b&#7883; chia r&#7869;, ph&#7843;n &aacute;nh s&#7921; kh&ocirc;ng ch&#7855;c ch&#7855;n c&#7911;a c&aacute;c t&#7893; ch&#7913;c.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-technical-indicators-show-emerging-momentum">C&aacute;c ch&#7881; b&aacute;o k&#7929; thu&#7853;t cho th&#7845;y &#273;&#7897;ng l&#7921;c &#273;ang n&#7893;i l&ecirc;n</h2>

<p>C&aacute;c ch&#7881; b&aacute;o &#273;&#7897;ng l&#7921;c &#273;ang b&#7855;t &#273;&#7847;u c&#7843;i thi&#7879;n, d&ugrave; s&#7921; th&#7853;n tr&#7885;ng chung v&#7851;n t&#7891;n t&#7841;i. C&aacute;c ch&#7881; s&#7889; MACD h&agrave;ng ng&agrave;y cho th&#7845;y c&oacute; th&#7875; &#273;ang h&igrave;nh th&agrave;nh &#273;&agrave; t&#259;ng t&iacute;ch c&#7921;c. Tuy nhi&ecirc;n, c&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7843;nh b&aacute;o kh&ocirc;ng ch&#7855;c ch&#7855;n r&#7857;ng s&#7921; t&#259;ng n&agrave;y b&aacute;o hi&#7879;u cho m&#7897;t &#273;&#7907;t ph&#7909;c h&#7891;i ho&agrave;n to&agrave;n hay ch&#7881; l&agrave; m&#7897;t &#273;&#7907;t ngh&#7881; ng&#417;i ng&#7855;n ng&#7911;i.</p>
<p>Bitcoin &#273;ang ti&#7871;n g&#7847;n &#273;&#7871;n hai m&#7913;c k&#7929; thu&#7853;t quan tr&#7885;ng. Trung b&igrave;nh di &#273;&#7897;ng 50 ng&agrave;y, kho&#7843;ng 98,165 USD, l&agrave; th&#7917; th&aacute;ch &#273;&#7847;u ti&ecirc;n. B&ecirc;n tr&ecirc;n &#273;&oacute;, m&#7913;c quan tr&#7885;ng v&#7873; t&acirc;m l&yacute; 100,000 USD l&agrave; m&#7897;t ng&#432;&#7905;ng &#273;&atilde; kh&oacute; l&#7845;y l&#7841;i v&agrave; duy tr&igrave;.</p>
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/7d0XUDRd6XKP_nrNecWb4iK8hFk=/smart/9896e8a97eb24469b78ddf981a9c0af5" alt="Bitcoin Price Performance" class="wp-image-779847">Hi&#7879;u su&#7845;t gi&aacute; c&#7911;a Bitcoin. Ngu&#7891;n: <a href="https://www.tradingview.com/x/Cs2prEHL/" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>

<p>Wolfe Research xem x&eacute;t &#273;&#7907;t b&#7853;t ng&#7855;n h&#7841;n g&#7847;n &#273;&acirc;y l&agrave; t&iacute;ch c&#7921;c. Ph&acirc;n t&iacute;ch c&#7911;a h&#7885; l&#432;u &yacute; c&aacute;c t&agrave;i s&#7843;n crypto, so v&#7899;i c&#7893; phi&#7871;u, &#273;&atilde; tr&#7903; v&#7873; c&aacute;c v&ugrave;ng h&#7895; tr&#7907; &#273;&atilde; th&#7845;y &#7903; c&aacute;c &#273;i&#7875;m chuy&#7875;n &#273;&#7893;i tr&#432;&#7899;c &#273;&oacute;. &#272;i&#7873;u n&agrave;y th&ecirc;m nhi&#7873;u ng&#7919; c&#7843;nh cho b&#7889;i c&#7843;nh k&#7929; thu&#7853;t.</p>
<p>T&#7845;t c&#7843; nh&#7919;ng y&#7871;u t&#7889; n&agrave;y t&#7841;o n&ecirc;n m&#7897;t m&ocirc;i tr&#432;&#7901;ng ph&#7913;c t&#7841;p. Kh&aacute;ng c&#7921; k&#7929; thu&#7853;t m&#7841;nh, d&ograve;ng v&#7889;n t&#7893; ch&#7913;c y&#7871;u, v&agrave; s&#7921; suy gi&#7843;m t&agrave;i s&#7843;n c&#7841;nh tranh v&#7899;i s&#7921; c&#7843;i thi&#7879;n &#273;&#7897;ng l&#7921;c v&agrave; c&aacute;c v&ugrave;ng h&#7895; tr&#7907; l&#7883;ch s&#7917;. H&#7895;n h&#7907;p n&agrave;y &#273;&#7883;nh h&igrave;nh c&acirc;u chuy&#7879;n ph&aacute;t tri&#7875;n cho Bitcoin v&agrave; c&aacute;c t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-contrasting-views-define-market-outlook">Quan &#273;i&#7875;m tr&aacute;i chi&#7873;u &#273;&#7883;nh h&igrave;nh tri&#7875;n v&#7885;ng th&#7883; tr&#432;&#7901;ng</h2>

<p>Tr&ecirc;n m&#7841;ng x&atilde; h&#7897;i c&#361;ng nh&#432; trong gi&#7899;i ph&acirc;n t&iacute;ch, t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng r&#7845;t chia r&#7869;. M&#7897;t s&#7889; ng&#432;&#7901;i quan s&aacute;t r&#7845;t ho&agrave;i nghi v&#7873; m&#7913;c gi&aacute; hi&#7879;n t&#7841;i c&#7911;a Bitcoin, <a href="https://x.com/DesoGames/status/1996566290605994021?s=20" target="_blank" rel="noreferrer noopener nofollow">l&#7853;p lu&#7853;n</a> r&#7857;ng nh&#7919;ng m&#7913;c gi&aacute; n&agrave;y kh&ocirc;ng b&#7873;n v&#7919;ng v&agrave; ch&#7881; ra c&aacute;c c&#417; ch&#7871; th&#7883; tr&#432;&#7901;ng nh&#432; ph&aacute;t h&agrave;nh stablecoin l&agrave;m b&#7857;ng ch&#7913;ng.</p>
<p>Nh&#7919;ng ng&#432;&#7901;i kh&aacute;c tin r&#7857;ng s&#7921; &#273;i&#7873;u ch&#7881;nh &#273;&atilde; k&#7871;t th&uacute;c, tham chi&#7871;u c&ugrave;ng c&aacute;c h&#7895; tr&#7907; k&#7929; thu&#7853;t m&agrave; Wolfe Research &#273;&atilde; ch&#7881; ra. Nh&oacute;m n&agrave;y xem gi&aacute; hi&#7879;n t&#7841;i l&agrave; c&#417; h&#7897;i tr&#432;&#7899;c s&#7921; h&#7891;i ph&#7909;c trong t&#432;&#417;ng lai. Cu&#7897;c tranh lu&#7853;n ph&#7843;n &aacute;nh s&#7921; kh&ocirc;ng ch&#7855;c ch&#7855;n xung quanh c&aacute;c y&#7871;u t&#7889; nh&#432; xu h&#432;&#7899;ng v&#297; m&ocirc;, quy &#273;&#7883;nh, v&agrave; s&#7921; ch&#7845;p nh&#7853;n t&#7915; c&aacute;c t&#7893; ch&#7913;c.</p>
<p>Nh&#7919;ng tu&#7847;n t&#7899;i c&oacute; th&#7875; ti&#7871;t l&#7897; xem quan &#273;i&#7875;m n&agrave;o l&agrave; &#273;&uacute;ng. N&#7871;u Bitcoin c&oacute; th&#7875; ph&aacute; v&#7905; v&agrave; gi&#7919; tr&ecirc;n 100,000 USD, th&igrave; phe &#273;&#7847;u c&#417; gi&aacute; l&ecirc;n c&oacute; th&#7875; chi&#7871;m &#432;u th&#7871;. Tuy nhi&ecirc;n, n&#7871;u gi&#7843;m xu&#7889;ng d&#432;&#7899;i 90,000 USD c&oacute; th&#7875; k&iacute;ch ho&#7841;t l&#7841;i vi&#7879;c b&aacute;n ra. T&iacute;n hi&#7879;u &ldquo;b&#7845;t &#273;&#7891;ng t&#7889;i &#273;a&rdquo; c&#7911;a Wolfe c&oacute; th&#7875; s&#7899;m &#273;&#432;&#7907;c gi&#7843;i quy&#7871;t, v&agrave; c&oacute; kh&#7843; n&#259;ng kh&#417;i d&#7853;y m&#7897;t s&#7921; &#273;&#7843;o chi&#7873;u nh&#432; &#273;&atilde; th&#7845;y trong c&aacute;c chu k&#7923; tr&#432;&#7899;c.</p>
