Now that we are approaching the end of the year, if the Fed continues to cut interest rates by 50 basis points on November 6, this may become the fuse for Bitcoin to hit $100,000.
Bitcoin is in urgent need of a catalyst. I think the US election and the interest rate cut in November will hopefully ignite the market, and BTC is likely to break through the $74,000 mark in one fell swoop.
By then, altcoins may also have opportunities. After experiencing the "8.05 tragedy", those tokens that once brought 10 times the return are expected to emerge again.
Referring to the interest rate cut on September 19, BTC began to rise on September 7, which means that a 12-day layout in advance will bring rich returns.
Therefore, considering the interest rate cut on November 6, now is a good time to enter potential coins in order to obtain several times the profit in the future.
The market may pull back again, or it may take off directly. At this time, we need to take precautions to avoid missing opportunities.
Previously purchased tokens such as WIF, SUI, SOL, TAO, FET, EIGEN, BNB and BTC continue to hold, waiting for the price to double.
Keep a medium- and long-term mindset, at least hold until the end of the bull market, aim for at least 10 times profit, avoid chasing ups and downs, and avoid self-cutting.
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