Good morning, brothers. After yesterday's brief decline, the opportunity has arisen; it's up to you to seize it.
The Auntie $ETH 3100 has rebounded from an oversold position, coupled with last night's core inflation data (PCE) coming in below expectations, which is positive for the cryptocurrency market, offsetting the bearish outlook of the Federal Reserve not cutting interest rates next year or only reducing them twice.
Yesterday's market situation was similar to August 5th, with the daily MACD dropping to its lowest point and the MA 30 at 98,500.
In the past month, the cost of buying BTC has been above 90,000. Last night's sharp drop saw 10,000 BTC flowing out from exchanges, indicating that large funds have entered the market to buy the dip, primarily coming from Coinbase.
Moving forward, reaching the high point of $BTC will be quite easy. If there is another slight rebound, it may be worth considering entering strong altcoins to buy the dip again; I will notify everyone at that time.
