#BTC☀

#BTC☀

《Trends in Turmoil — Current Market Analysis》

Currently, Bitcoin is rising alone, taking away most of the liquidity from altcoins. After the US market opened, the rise in US stocks drove Bitcoin to break through, but the lack of liquidity cannot sustain the upward momentum, causing Bitcoin to quickly fall. The ones getting hurt in this decline will be the altcoins.

In the previous post, it was mentioned that the entire market has reached a bottleneck, and friends with heavy positions and high costs should appropriately reduce their holdings, lightening their load. The exhaustion of market liquidity leads to Bitcoin rising, altcoins fluctuating, Bitcoin falling, and then altcoins begin to plunge, which is the current predicament.

Bitcoin has reached 69,000, while Ethereum is only at 2,500. This is also an important factor contributing to the overall weakness of altcoins. Even the doomsday vehicle, with tokens led by Santos, has begun to rebound in batches. Attention can be paid to Lazio and Porto, as the chances of them catching up will increase after Santos opens contracts.

This Wednesday at 8:15 PM, the US October ADP employment data will be released. On Thursday at 8:30 PM, the number of initial jobless claims in the week ending October 26 and the US September core PCE data will be revealed. The main event will be on Friday at 8:30 PM, when the US October unemployment rate and non-farm employment population data will be released.

This week is bound to be a turbulent one. When opening positions, be sure to set stop-losses, and strictly control your position in the spot market. Only in this way can one stand out in the market and strive forward.

#BTC走势分析
#加密市场反弹
#山寨季何时到来？
#美联储何时降息？