Is the Bull Market Back Bitcoin and ETH Surge and Major OnChain Performers EmergeHas the Market Completely Reversed

Coin World Report:
The market is brewing or speculating on the expectation of a 50 basis point cut in November. Since the Federal Reserve’s interest rate cut last week, the market is now expecting a possibility of over 50% that the Federal Reserve will cut rates by 50 basis points again at the next FOMC meeting on November 7th.
Harris made his first statement: if elected president, he will encourage the development of the cryptocurrency industry. The certainty is that whether it is the Republican Party or the Ming Zhu Party coming to power, the friendly trend towards the cryptocurrency industry is irreversible. From an overall macro perspective, it is beneficial.
A new week has begun, and the market has started to rally on the first day of the week.
Here is some good news for everyone: the weekly chart of Bitcoin has entered an upward trend, which means that the previous decline has ended. If you haven’t bought chips at a low price, you won’t have a chance for now. Hold on to the chips you already have!
At the end of June, I mentioned that the monthly chart started to consolidate, and the second half of the bull market ended and began to retrace. I advise everyone to buy Bitcoin at a low price and wait for the interest rate cut. The second half of the bull market will depend on the interest rate cut. If there is no interest rate cut, the second half of the bull market won’t come. Trust me, my brother, I can confidently say that holding Bitcoin in the spot market will definitely be profitable!
Interest rate cuts are a real positive. I believe there are still stubborn brothers holding short positions. This week, we will see if the weekly chart can have a slight pullback. Otherwise, once Bitcoin breaks through the pressure level near 6.5, the next target will be 6.8 and then 7.2. Check if your margin is sufficient!
Regarding Ethereum, there is currently only one question: whether the exchange rate has bottomed out or will rebound. Although many people criticize Ethereum, it is the true leader among altcoins. Ethereum is awesome, and only when altcoins are awesome can venture capital coins be awesome. I believe Ethereum is the true indicator of market liquidity.


Has the market completely reversed?
When facing a breakthrough, you should proceed with caution, rather than getting carried away.
1. There is no doubt about breaking through 65,000. There is no doubt about a strong bullish candle in September. When facing a breakthrough, you should proceed with caution, rather than getting carried away.
2. There is no need to worry about the market before mid-October. After mid-October, take it step by step. There is no need to worry about the market within 66,000. Above 66,000, take it step by step. BTC can go a little further, while ETH and altcoins may lag behind.
Make money when the market is good. No matter how much you want to expand your scope, you must take profits. Only by having a good profit mentality can you handle a market correction. This is especially true for highly volatile altcoins.
Although it is difficult to accurately quantify any market, the market does have a direction. The current cryptocurrency market is heading in a positive direction.
In fact, there are three basic points that are favorable for Bitcoin – an inclusive policy environment, activated liquidity, and adjusted interest rates. These are the key factors determining the new round of cryptocurrency bull market.
Altcoin gains = selecting high-quality coins * bottom-weighted positions * taking profits at high levels. If any of these steps are missing, the result will be zero.
If you can’t select coins, even if you can buy, you will also sell, and the result will be zero.
If you can select coins, but are afraid to buy at the bottom and reluctant to sell at a high, the result will still be zero.
Altcoins are mainly focused on the leading coins, which is not a big problem. Studying altcoins can be rewarding and challenging. Of course, achieving good results is also tempting, but 80% of people will not achieve good results.
As for the market trend, everyone does not need to worry. Now, the only thing to do is to actively participate in industry hotspots and seize every hard-earned opportunity.