#BTC☀
《PCE Data is Coming — Is the Rise Imminent?》
Bitcoin and Ethereum have both reached resistance levels, with Bitcoin's resistance near 94800 and Ethereum's resistance around 3520. The market's rebound will depend on whether these two big players can break through, marking Ethereum's third attempt to challenge the resistance near 3500.
With each breakthrough, the strength of this resistance position is weakened. Breaking through this position is just a matter of time, and we hope that Ethereum, as a representative of altcoins, will bring another spring for altcoin growth.
The U.S. core PCE price index year-on-year for October had a previous value of 2.7%, with market expectations at 2.8%, and the published value was 2.8%, which had little impact.
The market has become interesting now; will Bitcoin and Ethereum's breakthroughs lead to a new round of upward trends, or will Bitcoin and Ethereum's pullback initiate a new downward trend? It all depends on the mindset.
Taco is firmly bullish, Bitcoin is nearing 100,000, and Ethereum is far from just this point. Our average cost and positions are within a reasonable range. In short, be patient and hold until the price rises.
