As long as BTC can create a new high, the weekly top divergence will welcome a round of tug-of-war and a deep correction is about to come. November will be a key moment for BTC to shift from a bullish to a bearish trend. After the election and the second interest rate cut, historical data shows that US stocks often experience significant pullbacks during the second to third rate cuts.

Although ETH has rebounded in the past two months, it has still failed to break free from the daily bearish trend and has not been able to break through the resistance level of 2820. Historically, ETH usually declines in the non-bull market months of November and December, and it is expected that ETH will continue to face pressure, dropping below 2000. At the same time, more and more altcoins may hit nearly historical lows, and ETH/BTC may also reach a bottom. At this time, the opportunities for altcoins will gradually emerge during the decline.