24/10/24 BTC returns to platform trend breakthrough, the decline C wave is completed, short-term looks for a rebound, will the market push towards 72000 next?
The Bank of Canada announces a significant rate cut of 50 basis points for the fourth consecutive time, the November 5 election and the November 8 rate cut of 25 basis points, now the only uncertainty is whether Comrade Jian Guo or Harris will go, just wait for the result.
The big coin broke through the return platform trend line, the price hasn’t changed and the position is gone. In the evening, the big coin fell to 65200 and rebounded before the article was published near 67300, which also recovered yesterday's pin low point, also in line with what we said about a 4-hour three-wave C wave.
ETH mentioned yesterday that there are several key support pin positions below and big bullish line positions for rebound opportunities that need attention. In the evening, the Ethereum fund continued to sell 100 coins, the market pin at 2450 rebounded and recovered the pin at 2537 on the 15th, continue to watch for a rebound.
Big Coin
The 4-hour level drop ABC wave is completed and continues to rise, returning to yesterday's pin platform, pay attention to the pressure breakthrough at 68000 and 69500, continue to look towards 72000.
This short-term drop is also a weak retest, falling to the Fibonacci 0.382 pin rebound, there are still 12 days before the November 5th election and on November 8th another likely rate cut of 25 basis points, which may become a turning point for the big coin's direction.
Support:
Pressure:
Ethereum
The daily line converged triangle fell back, we continue to look for a retest of the pin position on the 15th and the bottom support of the big bullish line on the 14th, the lowest pin at 2450 continues to look for a rebound, the first pressure above is 2600 and also the upper edge of the converging triangle.
In terms of altcoins: Previously on October 18th, the video also reminded that DOGE and METIS have small adjustments, but there are still opportunities.
Support:
Pressure:
#ETHBTC汇率新低 #SEC批准多支比特币ETF期权 #牛市赛道是那条？ #盘整行情分析 $BTC $ETH $SOL
