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

On October 29, CryptoQuant analyst Axel posted on social media stating that the market widely expects the Fed to cut interest rates by 25 basis points, with volatility surging 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. As volatility spikes, the current technical pattern shows a typical buildup before a breakout.

BTC-2.98%
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