The US-China trade deal and the recent Federal Reserve interest rate cut have eased macroeconomic pressures, creating favorable conditions for risk assets. However, Bitcoin's next move will depend on whether it can confirm a break above the 100-day moving average or maintain the 200-day moving average as structural support.
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The US-China trade deal and the recent Federal Reserve interest rate cut have eased macroeconomic pressures, creating favorable conditions for risk assets. However, Bitcoin's next move will depend on whether it can confirm a break above the 100-day moving average or maintain the 200-day moving average as structural support.
Unless one side of this equilibrium is disrupted, the market remains in accumulation and consolidation mode, with volatility compression likely preceding the next major impulse move.$BTC #BitcoinMarketAnalysis #OctoberRateCutForecast #CommercialTradeConsensusReached #AreYouBullishOrBearishToday? #OctoberMarketPrediction