Bitcoin will close the monthly line tomorrow, prepare for the upcoming data, interest rate cuts, and the election!
Currently, Bitcoin is in a high-level consolidation phase. It retested the first small gap yesterday and temporarily found support, bouncing from around 71,500 to 73,000, with a rebound of 1,500 points. Today, we can continue to pay attention to the altcoins around 71,500~71,700!
Yesterday, Ethereum's exchange rate saw a wave of counterattack. Ethereum performed strongly yesterday, showing a soaring momentum. However, the confidence of the whales was lacking, losing the opportunity for November. Risks still need to be taken seriously. Although everyone predicts that Trump will win, this is just a prediction and cannot be 100% certain. Therefore, necessary cash reserves should be maintained, and some risk avoidance should be appropriately done.
The market capitalization of BTC has reached the position where the last bull market started in October 2020.
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