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Xiwarp
@xiwarp
QCP Capital analysis notes that despite the poor performance in early October, BTC has recovered to the level of last Monday. With the support of Uptober sentiment and strong non-farm data, Bitcoin gained support at the 60k position. The upcoming HBO Bitcoin documentary also brings more attention to the crypto market. The options market remains bullish, with investors continuing to buy the December 75k / 95k options portfolio. Keep an eye on this week's US CPI data, which could influence market expectations of a Fed rate cut.
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