
Post

Zeeeshu
Judging from the timing and pattern of the adjustment, I tend to believe this wave of correction is not over yet. Moreover, the probability of an interest rate hike in October is still so low. Normally, CPI/PPI data would push the rate hike probability up, and if that really happens, the drop would be even more severe.
If Bitcoin can return to around 75k, only then would I consider it a good bottom-fishing opportunity. The three major storage coins also need to drop a bit more to.
#DailyOrbit
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$75,941.9+0.00%
ETH/USDTEthereum
$2,238.9+0.00%
SOL/USDTSolana
$89.22+0.00%
Today’s market buzz
1#Federal Reserve officials say inflation remains the biggest risk

2#US stock AI sell-off causes Nasdaq to evaporate $2.3 trillion in a single day

3#US October non-farm payrolls 165,000 exceed expectations, BTC ETF weekly outflow of $1.28 billion
