Market Analysis 10.14
Hello, brothers, BTC has broken through $64,000,
Expected to be bullish,
But the rebound strength still exceeded our expectations
A potential conflict broke out between North Korea and South Korea yesterday
BTC fell a wave, just below $62,000
The general direction of global quantitative easing cannot be transferred
The interest rate will be reduced to about 3% before July next year, which is good for the currency circle
Focus on the general direction, don’t go against the trend
In addition to BTC, there is a trend we need to feel
“Bitcoin” Google search volume fell to the lowest level of the year, while “memecoin” search volume surged
In the future, many strong currencies will emerge in the meme coin field
The group will also strengthen analysis, and the VIP group will recommend more meme coins
Current market deduction and prediction:
Israel attacks Iran or the North Korea-South Korea conflict breaks out, causing BTC to fall below $61,000
Then it rebounded to more than $64,000,
BTC stayed around $65,000,
many altcoins began to pull abnormally,
gradually ushering in the altcoin season.
As the Federal Reserve gradually cut interest rates and the conflict between Israel and Iran ended,
BTC broke through the $80,000 mark at the end of the year.
