Will November bring another boom 🔥 or a major scam ⚠️?
1. Bitcoin’s historical rate of return: (To summarize, you need to consider years of data)
- August to September is usually the period of the Little Bear Market. 📉
- October is usually a strong month, with Bitcoin rising 90% of the time. 📈
2. November trend:
- November is usually a volatile month, with mostly flat gains and losses. ⚖️
- Historical data shows that there is usually a small retracement in November, especially on the eve of a bull market. 🔄
3. Morphological analysis:
- Bitcoin has now touched the 0.382 Fibonacci level and the resistance zone of the ascending channel. 📉🔒
- There is a need for a correction in form to consolidate the currency price and then rise again. ⬇️🚀
4. Altcoin performance:
- Altcoins are currently active in the market, attracting the attention of retail investors. 💡💰
- After some project parties release news, it may trigger speculation among retail investors. 📢💥
5. Important market trends:
- The China Securities Regulatory Commission’s third round of approval for Bitcoin spot ETFs may face negative consequences. ⚖️🛡️
- The SEC’s response to the Ark Fund application will be announced by November 11. ⏳📃
- The China Securities Regulatory Commission may postpone the third round of decisions or make a decision on January 10 next year. ⏰❓
6. Performance in December:
- December is usually relatively weak, because institutions may stop profits or brush financial reports at the end of the year, and retail investors may also sell for cash. 🎄💼
- Historical data shows that December is typically a weaker month for Bitcoin. 📉
7. SBF Court Judgment:
- There will be a final verdict from the SBF on March 28 next year. ⚖️🔨
- The related SOL coins may once again receive market attention and speculation. 💡💥