Recharge some faith for everyone: The bull market still exists; currently, it's just a correction phase for Bitcoin. There might be one more dip, and the market remains weak. This is a good opportunity to gradually buy into stronger cryptocurrencies. The market makers took advantage of the interest rate cuts to liquidate some long contract users. This phase is a slow bull market, with a 90% probability of an interest rate cut confirmed by October 30. Currently, U.S. Treasury yields have reached 3.6; as we enter October, if the yields drop to around 3.5, it will be a done deal. This October will usher in a new upward phase for Bitcoin, especially after the National Day holiday. However, since we are nearing the end of the month and the beginning of a new one, we still need to adjust. Some people ask why I know about the correction but don't go short? First: My costs for SOL and BGB are relatively low, with SOL at 186.8, BGB at 4.37, DOGE at 0.222, UNI at 9.9 (locked in, stop loss...
Show original23.83K
10
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.