Analysts: As the Fed's interest rate cuts approach, market volatility surges, presenting a typical consolidation pattern before a breakout.

BlockBeats news, on October 29, CryptoQuant analyst Axel posted on social media that the market generally expects the Fed to cut interest rates by 25 basis points, and volatility has soared to 54%. Bitcoin is currently hovering around $113,000, still firmly holding the seven-day trading volume weighted average support level, and the overall bullish structure remains unchanged. With the surge in volatility, the current technical formation shows a typical consolidation pattern before a breakout.

BTC-4.01%
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