This year's crypto market has been particularly challenging. For anyone lacking confidence in the crypto space or in their holdings, it has been hard to endure.

Firstly, the crypto market saw a significant drop in August, a halt in September, and a steady rise in October. This is a standard trend reversal, washing out many individuals with weak resolve.

However, one thing is clear: Bitcoin has maintained a value of $68,000 in October, and at least through November, the altcoin sector's rotation will likely continue.

Secondly, after Bitcoin stabilized at $60,000, altcoins began to rise steadily, and in October, we frequently saw 'dark horses.' Although their duration was brief, it still indicates a very active market with ample trading volume.

Therefore, while the current market seems sluggish, it significantly reduces the risk of a further short-term crash.

Of course, whether to be overly optimistic is debatable, as altcoin prices are situated at a critical support zone, unable to move up or down, and anything could happen.

Thirdly, the buying of Bitcoin ETFs has not ceased; regardless of price fluctuations, funds have consistently flowed in, currently reaching an astonishing $53 billion. This is one of the key factors for sustaining a bull market.

The biggest test now is: can you hold the coins you bought and ride this wave, breaking through previous highs?

As October progresses, I personally believe the situation is quite ideal, primarily due to three factors that make me very optimistic.

#BinanceBlockchainWeek #BTC突破7W1 #BTC触及7W #PCE、非农数据来袭 #TIA、SUI、OP大额解锁