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14 Nov, 19:37

Bitcoin Ranging, Awaiting Rate Cuts for Bull Run

Neutral-2.65%

AI Summary

The author anticipates Bitcoin will remain in a short-term consolidation phase with limited directional movement, waiting for Federal Reserve rate cuts to initiate a new bull market cycle.

Nasdaq plummeted last week I had previously warned of the risk of catch-up declines in the crypto circle This week, Nasdaq has actually stabilized Bitcoin is unlikely to surge significantly in the short term But the downside space is also limited For now, I still hold the previous view Bitcoin has no main upward wave Only oscillation Such a market requires the resumption of rate cuts to enter a bull market Or expectations of rate cuts

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