Daily Interpretation October 25:
1. Bitcoin hit a low of 65222 yesterday, which is a healthy pullback, breaking the descending flag and pulling back to the upper edge of the flag. As long as it does not fall below yesterday's second bottom low of 66800, there is a chance to break through the 70,000 mark. Current support levels are 66800 and 66200, and a real breakthrough may have to wait until after the U.S. elections.
2. In the broader direction, the weekly MACD golden cross is upward, and the overall trend is still upward.
3. Altcoins have opportunities for catch-up in the past two days, and prices have already risen. Heavily invested investors can reduce some positions and keep some for defense.
4. Rumors suggest that Ethereum's main force is trying to wash out some large holders. Ethereum is currently underperforming and has not been able to live up to the title of "Dragon Two." The net inflow of Ethereum spot ETF yesterday was only $1.26 million, with selling pressure significantly greater than inflow. Institutions also hold a cautious attitude towards its prospects. After breaking below the 2502 support, the next step will test the 2476 support, with resistance around 2560.
5. The positive news and capital inflow from the elections and interest rate cuts have not pushed the overall market as expected, with only Bitcoin rising, while other coins are affected by a siphoning effect.