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🔹Reviews from Cognitive Society
On October 1, Bitcoin rebounded weakly and then plummeted. Near 60,000 is an important support level.
Bitcoin's weekly critical point is that if it holds 60,000, it can sprint to 65,000. The weekly MACD will hopefully be greater than 0, but
If Bitcoin falls below 60,000 with large volume, the support level of 55,000 will be too far away.
The Fed Chairman said in his speech that the interest rate will be cut by 25 basis points in November and December, and the desire of institutions to buy Bitcoin will decline. Cognition Society believes that this negative impact is not big. In Cognition Society's view, as long as the US economy does not decline and the interest rate cuts continue, the rest is just a matter of time.