The market in the next few days is worth paying attention to
The space for Bitcoin's interest rate cut speculation has reached its limit, fluctuating around $62,500-63,000. Therefore, Bitcoin's fluctuation provides opportunities for altcoins. If you open the daily chart and compare Bitcoin with any altcoin, you will find that Bitcoin has taken off halfway up the mountain, while Ethereum and altcoins are still hovering at the bottom. According to the price of Bitcoin at $62,000, the price of Ethereum should be $2,600 or even higher.
It is expected that Ethereum and altcoins will have 2-3 days of catch-up gains this week
Bitcoin's daily support level is around $59,500 and $57,500. The monthly line will close at the end of the month, and the real main rising wave will start in October, when the autumn market will arrive. Looking back at the unilateral rising trend in February in the spring, Bitcoin was the first to rise, and then Ethereum followed the rise. Therefore, the market may have a small correction in the next few days. It is recommended to pay attention to the catch-up opportunities of Ethereum and altcoins during this period.
By the end of next week, after the overall correction of BTC and ETH, October will usher in a unilateral upward trend. The correction at the end of the month is to prepare for the sharp rise in October. There are only two good market conditions this year, one in February in the first half of the year, and the other in October in the second half of the year. Now is the critical moment. The market in October is like a bronze game, with great potential for explosion.
