Bitcoin suddenly dropped below 70,000 USD, where will it rebound to next?

Is this recent plunge a good opportunity for bottom-fishing and increasing positions?

What other data in the future will influence Bitcoin's trend?

Don't worry, after reading this, even beginners will understand everything!

I usually don't like to deal with those small fluctuations of a few hundred points. Now that the coin price is so high, making 300 points is less than 0.5%. To make 1%, I would have to rely on others, so I might as well just flip a coin and take my chances.

If you say you want to hold in the long term, look at trends, look at structures, but still watch the market every day, how can you follow trends and structures?

Yesterday, two important data points were released: non-farm payrolls and unemployment rate. Next week, there will be interest rate cuts in the UK, and in the US, the election results will soon be determined. If the non-farm payrolls and unemployment data differ significantly from last week, and the Federal Reserve stirs things up again, Bitcoin might surge back to around 72,000; if the data is poor, Bitcoin could drop to between 67,000 and 68,500. Once the election results are out on the 5th, if Harris wins, Bitcoin might pull back; if Trump wins, Bitcoin may spike high and then undergo a deep correction. On the 7th, the UK interest rate will be announced, and it’s expected to be cut by 25 basis points. At 3 AM on the 8th, the Federal Reserve will announce the interest rate, which will have the biggest impact on Bitcoin after the election. If the rate is cut by 50 basis points, the entire cryptocurrency market will likely rise, especially Ethereum should be closely watched; if there’s no rate cut, there will be a pullback. A 25 basis point cut means the good news has already been priced in, and then it will have to drop back.

Unknowingly, it has been half a year since Bitcoin's fourth halving, how many opportunities do we still have to seize? Newcomers might not feel it clearly, but looking at the chart reveals that Bitcoin's fluctuations are getting smaller.

Recently, I plan to lay low on a potential coin that is ready to explode; doubling my investment should be quite simple. I am also preparing to find some potential coins to hold until the end of the year, expecting a space of more than 10 times is not a problem. If you want to keep up, leave a message, follow, like, and share without hesitation. #BTC☀ #非农就业人数大幅降温

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