Today is Monday, and the cryptocurrency market enters a new week. The trading volume in the cryptocurrency market was sluggish over the weekend. However, Bitcoin has currently broken above 69,000 USD. The short positions around 69,500 USD have been liquidated. Analyst REIT tweeted that Bitcoin's daily closing price has consecutively broken the red resistance level twice, which is seen as a good signal. Meanwhile, from Bitcoin's daily chart, we have officially entered the overbought zone. This marks the first time Bitcoin has entered the overbought zone since mid-March. Perhaps we will see a bullish market trend from this point. Additionally, the Bitcoin MVRV momentum indicator shows that Bitcoin's MVRV ratio has broken above its 180-day moving average. This is also regarded as a bullish signal. Because we might see a breakout rally similar to a year ago, after several months of consolidation below the blue line. This week, as the U.S. stock market and spot ETFs begin trading, the market will return to normal levels. It is worth noting that last Friday, during the five trading days, we saw strong inflows into the spot Bitcoin ETF. If this trend can continue this week, it will help push Bitcoin back to 70,000 USD, or further towards 73,000 USD. Now, with only two weeks left until the U.S. presidential election, Bitcoin has also broken the previous downtrend. The trend is favorable for Bitcoin. Of course, Bitcoin will not keep rising indefinitely, and price corrections will inevitably occur during this process. After all, the profit levels of short-term holders are rising, and some individuals will choose to take profits. Moreover, the futures market has hit a new high in terms of open contract volume, which will exacerbate Bitcoin's price volatility. However, in the coming year, Bitcoin's upward trend is certain. Bull market corrections are not scary, as a large number of short-term investors will buy on dips. At this stage, Bitcoin is entering the second half of the bull market. $BTC $ETH $SOL