The following three reasons determine the overall bullish trend:
1. We are at a time before an interest rate cut cycle / global quantitative easing.
2. Currently, the cost of holding a large amount of Bitcoin is high, and the profit is not much.
3. Adding currency has received support from governments including the United States and Japan.
After the resolution of the conflict between Israel and Iran, BTC will still fluctuate upwards.
After reviewing the trend market after the non-farm data at the beginning of each month from April to October, 4, 6, 8 all experienced a pullback, while 5, 7, 9 retraced first and then reversed. Now it's October, and whether it's the interest rate cut or the approaching November election, there is not much time left for institutions to Whipsaw. The pump market in October is irreversible with certainty.
There are many bearish traders in the market. After the recent interest rate cut, 100 billion yuan of funds flowed in. These funds are not retail investors increasing their positions, but institutions getting on board. The overall trend in November and December is unstoppable, bearish traders should not resist in vain.
View Original1. We are at a time before an interest rate cut cycle / global quantitative easing.
2. Currently, the cost of holding a large amount of Bitcoin is high, and the profit is not much.
3. Adding currency has received support from governments including the United States and Japan.
After the resolution of the conflict between Israel and Iran, BTC will still fluctuate upwards.
After reviewing the trend market after the non-farm data at the beginning of each month from April to October, 4, 6, 8 all experienced a pullback, while 5, 7, 9 retraced first and then reversed. Now it's October, and whether it's the interest rate cut or the approaching November election, there is not much time left for institutions to Whipsaw. The pump market in October is irreversible with certainty.
There are many bearish traders in the market. After the recent interest rate cut, 100 billion yuan of funds flowed in. These funds are not retail investors increasing their positions, but institutions getting on board. The overall trend in November and December is unstoppable, bearish traders should not resist in vain.