
Bitcoin has been repeatedly oscillating around $80,000, briefly dipping below before rebounding. I maintain the same perspective: as long as we get through the FOMC meeting, things will be fine. A few days ago, Brent crude surged to $117, triggering widespread panic in the stock market. Now that it has pulled back to $110, U.S. Treasury yields have also eased significantly, and U.S. equities are gradually recovering. There is clear buying support around Bitcoin’s $80,000 level. Even after BTC dipped below $80,000 today, MSTR did not experience a significant decline—this is markedly different from previous bear market rallies that collapsed afterward. The FOMC meeting on Thursday, October 29 at 2:00 AM UTC may still bring some volatility, but current prediction markets now place the probability of no rate hike this month above 94%, even higher than a few days ago. My view is that after the meeting concludes, Bitcoin’s price will begin to recover and resume its upward momentum. Additionally, MicroStrategy will release its earnings this week. All major uncertainties are about to be resolved. Despite today’s headwinds, some still believe we’re in a bear market, expecting Bitcoin to return to the $50,000 range—or even the $40,000 range. The market is currently extremely pessimistic and subdued. Yet I still believe this is the early stage of a bull market—a healthy correction within a bull trend. As long as you avoid excessive leverage and adopt a cautious, conservative approach, your assets can grow steadily. Keep waiting for the next rally. Stay patient, hold firm, and remain confidently bullish!
