For the current cryptocurrency market, Bitcoin is showing bullish momentum due to several external factors. The anticipated FTX payout and shifts in Federal Reserve policies are creating favorable conditions for a potential rally in Bitcoin and other risk assets. Historically, Bitcoin tends to perform well from October through March, and this year may follow that pattern .
Altcoins like Binance Coin (BNB) and Ethereum (ETH) are also exhibiting strong signals. BNB is supported by positive technical indicators and could see a breakout towards new highs . Similarly, Ethereum is recovering well despite some short-term volatility, with potential for an upward trend .
If youâre looking for a short-term trade, it may be a good time to take a long position, particularly on Bitcoin or Binance Coin. However, be cautious and manage risks by setting stop-loss levels.
Let me know if youâd like further details or specific price targets!
