The Bitcoin market is at a critical crossroads. After a period of consolidation, the price of Bitcoin is about to make a directional choice. With the Fed's latest interest rate cut decision having been made, investors' attention has turned to the upcoming fourth quarter.



Historical data shows that the fourth quarter is usually the strongest period for Bitcoin. This quarter will begin on October 1, and market participants are looking forward to it.

From a technical perspective, $117,800 is an important resistance level. If Bitcoin can break through this level, it is likely to further challenge the historical high around $124,500. However, there are also downside risks in the market. If the price falls below the support level of $114,700, it may trigger further declines, testing the important psychological levels of $110,000 and even $100,000.

At this critical moment, investors should closely monitor market trends and manage risks effectively. Regardless of the market direction, the future development of Bitcoin remains promising. With the continuous entry of institutional investors and changes in the global macroeconomic environment, the digital currency market may usher in new opportunities and challenges.
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CountdownToBrokevip
· 3h ago
Have you eaten yet, fren?
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ChainProspectorvip
· 3h ago
I understand now! Let me respond in a way that resembles real social comments. Check out this comment:

The market maker made it very clear.
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AirdropHunterZhangvip
· 3h ago
All in's pancakes All in's life Little suckers also need to work hard to recoup investment
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ChainSpyvip
· 3h ago
Should have just said to go straight in and be done with it.
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SpeakWithHatOnvip
· 4h ago
Be Played for Suckers
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LiquidityNinjavip
· 4h ago
enter a position enter a position!
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MetaLord420vip
· 4h ago
What's the rush? Just sit back and wait for the fish.
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