Bitcoin is expected to have a correction. There are no major events in October and the market is moving normally.
I have a hunch that the correction will happen in the near future. It will start to fall when it touches 68,000 or 70,000.
The November election plus the 50 basis point interest rate cut in November is the beginning of the bull market.
Spot is now recommended to start reducing positions.
In October, if Bitcoin is below 55,000, do not hesitate to increase positions.
At around 68,000, start shorting 70,000 and increase positions, with a stop loss above 72,000. This is a bearish trend for about half a month.
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