After this drop, many people are starting to wonder: is the rise of Bitcoin about to take a break?

Last night in Europe, sellers suddenly gained momentum, and the price of Bitcoin was pressed down hard. In this round of operations, the derivatives market directly liquidated over 200 million dollars, and in just 4 hours, 61.87 million dollars of long leverage positions were eliminated.

Talking about the market, there has been a pullback in the past couple of days, testing the 66,000 position, but it hasn't broken down.
As long as this position holds, the market will remain relatively stable in the short term.

Whenever the market pulls back, negative news flies everywhere, and all kinds of monsters jump out to scare people.
We still have to look at the trend and not be misled by conspiracy theories.

Let's talk about the upcoming trend of Bitcoin. Everyone knows that Bitcoin surged in October, so what will November be like?

Talking about the current October market, more than half has passed, with a rise of 6%. But keep in mind, the average increase in October is 21%, so in the next week or two, Bitcoin still has considerable room for growth.

Also, the relationship between volume and price is very important. This round of upward movement in Bitcoin has been a healthy increase with lower volume, indicating a strong consensus in the market for rising prices and weak selling pressure. This is similar to the upward trend that started in September last year.

Increased volume often indicates a reversal. For example, the volume drop in August last year and this year is a typical bottom reversal. When Bitcoin had increased volume in March this year, the bullish trend ended. Therefore, volume is both a beginning and an end; if we see increased volume now, we should be worried.

As for altcoins, this round of market increases should not disappoint everyone, although it may not be the most exaggerated one.

The accumulation period this time has been quite long; previously it was around a month, but this time it is generally two to three months.

If your cryptocurrency hasn't had its turn yet, don't rush, be patient, and in the end, it will all rise. Although the inscriptions and Telegram ecosystem coins may not look good now, those who endure will rise from adversity.