Is the bull market still there? When will it break new highs? Is the big one coming tomorrow?
Recently, the cryptocurrency market has remained above the key support level of $2.11 trillion. Although volatility is limited, positive sentiment supports the market's upward trend. If the market can hold this support and the rising trend line, the total market value may rebound to $2.24 trillion, indicating continued growth. On the contrary, if it fails, it may trigger a deeper decline, approaching $2.00 trillion, and the market will turn bearish.
For Bitcoin, the price stabilized at $62,375, above the key support of $61,868, showing its resilience and rebound potential. The next key resistance level is $65,292, and a break above this level will pave the way for further gains. However, if the $61,868 support is lost, it may drop to $60,000 or even lower to $57,270.
Big things are coming, and there are several big events tomorrow (Thursday). At 2 a.m., the Federal Reserve will release the minutes of the monetary policy meeting. At 8:30 p.m., the U.S. September unadjusted CPI annual rate and September seasonally adjusted CPI monthly rate will be released. Pay attention to short-term price fluctuations. What are your expectations? The expected bearish trend is bullish. It sounds ridiculous, but it is true. If BTC must form a double bottom before it can rise, then it must bottom again. This seems to be the reason why whales don't buy, because they are waiting for the downward trend to buy on dips.
When the data is released tomorrow night, the password will also be given to everyone. If you want to get the password as soon as possible, just leave a message 1.
