$NOT The market has been standing still for a few days now, which actually makes me a little nervous. I'll briefly outline what I think now.
Firstly, the market is obviously overheated. Bitcoin was driven under the upper boundary of the channel and continues to be held there. It did not show any adequate correction, but only went sideways, where it has been for the last few days. It already touched even 69 thousand, but quickly sank lower, supposedly to show the "resistance level". In fact, it was artificially driven to the highs and has been held there for several days now.
70 thousand will be broken by the end of the month, but I would not be so happy about it. Bitcoin will reach them either immediately, with one powerful manipulative take-off upwards, or through a small correction to 66 thousand. But it is important to understand that this will not be enough. And after these 70, very long and ugly red candles can go, somewhere up to the same 60 thousand. There is nothing good in the fact that the market is artificially heated, because after that it is often dumped just as quickly and unpleasantly.
Notcoin and Tone continue to stagnate in the ranges of 0.008-0.0083 and 5.1-5.3 respectively. I assume that they are now in a protracted accumulation zone and will begin to update local highs closer to the end of the month. I emphasize that they are local, since in the general sense they are still very, very low. Sasha's speech at the conference should also play a positive role. But do not expect that this will be reflected on the chart in the form of instant growth.
Right now, in general, I am still in a bullish mood, so to speak. The US elections are scheduled for November 5, and the Fed rate is already on the 7th. That is, by these dates the market should already start growing again, since expectations are very positive. So far, it seems to me that the collapse will occur between October 29 and November 2. We will see how it will be in reality.
My letters in bronze Pavel Durov - top1verunvnot.
