Axel Adler Jr.: BTC's rebound in this round has temporarily lost direction
CryptoQuant analyst Axel Adler Jr. stated that BTC rose from approximately $76000 to $87000 from September 17th to 27th, with the profit supply ratio increasing from 65% to 73.8%. On September 29th, it fell back to approximately 72%, below the long-term average of 76%. On September 29th to 30th, the fast and slow lines of the Bitcoin Impulse Performance indicator dropped to 0, while the BTC price remained at around $83000. Axel Adler Jr. pointed out that the return of kinetic energy to zero represents a temporary loss of directionality in this rebound, and a trend reversal cannot be confirmed yet.