148 PACO

Brothers, this wave of correction is not accidental, and the core reasons are two points:
First, the risk of a U.S. government shutdown has re-emerged, and fiscal uncertainty has rapidly cooled market sentiment;
Second, the release of non-farm data in September has been delayed, leaving a lack of directional guidance in the short term, forcing funds to choose to wait and see.

Although the interest rate cut by the Federal Reserve on October 29 is almost a certainty (with a probability as high as 98.5%), during this data vacuum period, the market is more inclined to 'wait and see after retreating'. This is also a key reason why bulls have been unable to move significantly for several days.
It is expected that after the second interest rate cut on October 29, there will likely be a wave of technical rebound, but that will feel more like 'the last glory'.
From a medium-term perspective, this may be the final rebound of this bull market, followed by high-level fluctuations or even the prelude to a trend reversal.
The third interest rate cut on December 11 will be the last one this year, after which the Federal Reserve may enter a 'pause period'. At the same time, Japan's interest rate hike expectations have materialized, and global liquidity is tightening in phases, which means:
The rhythm of the bull market may come to a halt around mid-November, after which the market structure will shift to fluctuations or even a bearish bias.
The market atmosphere has been changing during this stage; a few months ago, it was about 'fear of missing out', and now it is slowly turning into 'fear of correction'.
In the short term, one can still pay attention to the rebound window from the end of October to early November, but it is not advisable to heavily chase the rise.
If the rebound is weak and the volume is insufficient, one can gradually lay out a strategy for short positions at highs.
The market is entering a turning point of 'expansion to contraction'; the rhythm is no longer about passion, but defense.
Only those who can restrain themselves are qualified to strike hard in the next cycle. #加密市场回调
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