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Currently, it’s challenging to capture the market's behavior in a single word, but it can be described as follows:

Last night, under the influence of the Tether investigation and reports of conflict between Israel and Iran, the market experienced a decline, as analysts have noted.

However, I interpret this as the market attempting to shift sentiment from greed to fear before a potential upward movement. There’s a significant volume of liquidation between 67,400 and 68,400, and I believe that once this liquidity is cleared, BTC will likely re-enter a fear-dominant zone.

To interpret this further:

Initially, BTC may rise to 68,400, likely transitioning the oversold zone to overbought for some assets. Then, as traders accumulate, anticipating a new all-time high for BTC, a correction is likely to ensue, reversing greed into fear. It’s important to note that as long as greed is prevalent, the market is unlikely to sustain new highs; if it does, a sudden drop could be imminent.

As shown in the image, the red line is most likely the accurate interpretation of BTC and the market. The blue line represents a less probable scenario, around a 10% chance, but if that happens, it would look like this.

October, often called "Uptober," is ending, and with November approaching, we might call it "Novemdownber."

Always DYOR (Do Your Own Research).



#BTC67KRebound #EmperorMajesty #CryptoPreUSElection #BTC1D #BTCETFDemandSurge $BTC