Market Analysis 10.17

Hello, brothers

BTC has risen to the point we predicted last week, $68,000.

The embarrassing thing is that if BTC continues to rise, the risk of copycats will increase.

Only when BTC falls back to the sideways range can copycats rise sharply.

From the data on the chain, the recent BTC flow in the exchange is still outflowing.

The amount of Bitcoin reserves held by the exchange is now reported at about 2.68 million, a record low.

A big trend is brewing.

Brothers who bought BTC should not get off the train rashly,

otherwise they will not be able to catch up with the rise.

The US election in November is approaching, and Trump's chances of winning are increasing. This has fueled the rise of BTC. Because Trump is crazy about supporting BTC and cryptocurrencies. He also bought 🍔 with Bitcoin before. The current strategy is to hold patiently and wait for the pull. From the data on the chain, the risk is not great. When BTC hits 70,000, many altcoins will fall by about 10%. You can consider setting a stop loss to short SUI and WLD. #BTC #美国大选如何影响加密产业？ $BTC