$BTC

Market in-depth analysis

In the violent fluctuations last night, the price of Bitcoin once pierced the 60,000 mark and hit a low of around 59,000, but then quickly recovered the lost ground, showing the strong resilience of the market. At present, if the daily closing can hold on to the key point, the stability of the market in the short term will be further confirmed.

Looking at the more macro time frame, this week and next week are of great importance to Bitcoin and the entire cryptocurrency market. The market's rebound potential will be revealed at the beginning of next week at the latest. For the current market environment, many tokens have quietly entered an attractive entry range, providing investors with a good opportunity to deploy in batches and absorb at low levels.

It is the perfect time to grasp the strategy of buying in batches. As long as Bitcoin can hold the psychological defense line of 57,000, we are still optimistic about the market outlook in October and even the entire fourth quarter. After all, every market correction is to accumulate strength for the future leap. Wait for good news and witness the cryptocurrency market set sail again.

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