News analysis

Expectations of Fed rate cuts: According to CME's "Fed Watch", the probability of a 25 basis point rate cut by November 8 is 94.1%, and the probability of maintaining the current interest rate unchanged is 5.9%. This shows that the market generally expects a rate cut, which may have a positive impact on crypto assets such as Bitcoin.

Bitcoin price prediction: Geoff Kendrick, head of digital asset research at Standard Chartered Bank, expects Bitcoin to reach $73,800 before the US presidential election on November 5, up 12% from the current level. This forecast may attract more investors to pay attention to Bitcoin

Italian cryptocurrency tax policy: Italy plans to increase capital gains tax on cryptocurrencies such as Bitcoin from 26% to 42%. This policy may have a negative impact on market sentiment, especially on investor confidence.

Market dynamics analysis

Fund liquidity: The current market liquidity is poor, and the overall volume cannot keep up, resulting in the main Bitcoin market, and other altcoins are mediocre. When Bitcoin is fine-tuned, altcoins tend to fall back to the origin.

Ethereum performance: Recently, the trend of Ethereum (Ethereum) has been significantly stronger than Bitcoin, and there may be opportunities for catch-up gains. It is recommended to hold chips at low prices to avoid chasing the rise.

Healthy trend of altcoins: altcoins with healthy daily trend, such as Audi in the inscription sector, Floki in the meme sector, GALA in the game sector, and the recently popular RWA sector, can all be the objects of medium and long-term attention.

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