⚡️Let's be straightforward, today it dropped to 60500, and I bought some more!

October has historically been a key month and turning point for Bitcoin prices—

Last October, the market began to warm up; October is quite magical, with market sentiment swinging between optimism and pessimism, but most of the time, the market seems to always find reasons to rise.

Currently, it is clear that market sentiment is once again swinging between optimism and pessimism,

My choice is to continue buying:

Macroeconomic Factors:

The Federal Reserve's meeting minutes and inflation data will have a significant impact on the market. If inflation data comes in lower than expected, it could trigger expectations for interest rate cuts, which would be favorable for risk assets, including Bitcoin.

Dynamics of ETFs and Institutional Investors:

Although the approval of Bitcoin ETFs has brought in a lot of funds, recent data shows a disruption in ETF fund inflows, even resulting in net outflows. This may reflect a shift in current market sentiment, as investors seem to be waiting for clearer signals or more favorable entry points.

Market Sentiment and Technical Analysis:

From a technical perspective, after experiencing six months of wide fluctuations, Bitcoin's current price is at the support level of 60500 USD, which may become the focal point of contention between bulls and bears.

Political and Social Factors:

Although not directly mentioned, there is a sense of concern about the current political environment from Elon Musk's posts, which may affect investors' risk appetite and indirectly influence Bitcoin's price.

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