Yesterday, Bitcoin fluctuated repeatedly, testing the support below several times, with the low point continuously falling and the high point above also falling. Although it rose in the evening, it failed to break through the recent high point, falling to 60,300 at the lowest, and currently rebounding to around 61,000. The overall trend is still weak, showing a rhythm of slow rise and fast fall, and the short position has a slight advantage.

On the 4-hour chart, the 200-day moving average suppresses the price, and the key support below the daily chart is also the 200-day moving average, which is around 60,000. If it cannot break through in the short term, the price may fall again. On the contrary, there will be an opportunity to test the pressure level of 62,000. Friends who operate leverage, please be prepared in advance!

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Bitcoin remains bullish in October! While many altcoins have performed mediocrely, some specific sectors such as L1 and newly listed MEME projects have risen significantly. Now is a good time to stay on top of what’s hot and make the most of your money to reap the benefits. Today's short-term market is greatly affected by the news. The US CPI data will be released at 8:30 tonight. The market may fluctuate violently. It is recommended to pay close attention to the dynamics!

Here are three altcoins worth considering selling before the end of October

FTT

FTT is the native token of the well-known cryptocurrency exchange FTX. Although the token rose by more than 55% after the court approved the FTX restructuring plan, it subsequently fell sharply due to profit-taking, as evidenced by the long shadow line. In the past 24 hours, the price of FTT has fallen by 2.6% and is currently trading at $2.21. Although the $16 billion compensation plan is positive for the entire crypto market, the crypto market may face a downturn in October as selling pressure increases.

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ABOUT

OM is the main utility and governance token of the MANTRA DeFi protocol. The token recently hit a new all-time high of $1.4746 on anticipation of the upcoming mainnet launch. However, candlestick analysis shows that OM price has hit the resistance zone and is showing signs of weakness. The long upper shadows indicate that buyers are exhausted, while the subsequent long black candlesticks suggest that sellers may be in control. Selling by investors in pursuit of profits could lead to a drop to $0.85, a 34% drop from the current price. Therefore, OM becomes one of the altcoins worth selling before the end of October.

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STX

The Stacks network is a second-layer solution for Bitcoin that supports the deployment of smart contracts and decentralized applications (dApps) on the Bitcoin mainnet. STX, the platform's native token, recently rose 30% ahead of the Nakamoto network upgrade and the launch of the new stablecoin sBTC. Although STX is expected to benefit from the Satoshi hard fork, selling pressure may affect its price, and the chart shows that the asset is at risk of moving down by 25%. The current STX price is $1.69, down 3% in the past 24 hours. If it continues to fall by 25%, the price will drop to about $1.28.

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While October is generally a good month, it is advisable to focus on projects that may outperform other tokens for diversification. On the other hand, tokens such as FTX (FTT), Stacks (STX), and MANTRA (OM) show signs of falling by 25% to 40%, so they may be altcoins worth selling.

Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.

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