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YiboMarketAnalysis
Today the market has rebounded, but the trend is sluggish. This is actually a normal process of accumulation and indicator recovery. Under the continuous shutdown of the US government, the CPI data was finally released last night. The current market is actually in a state of indecision, and the key is to wait for the Federal Open Market Committee (FOMC) Meeting on October 28-29. Unless something unexpected happens, the Fed will undoubtedly cut interest rates by 25 basis points in October. After the big dump on October 11, most altcoins have already dropped to historical lows. Many coins in the market seem cheap. Whether we can welcome alt season depends on whether Bitcoin remains stable and if there is incremental capital in the market. If Bitcoin is still in a sideways movement, big money won't enter the market, making it difficult for altcoins to take off collectively. Therefore, we need to have keen judgment and be able to discern the sustainability of hot topics to avoid one-day trends. Many people's failure in chasing hot trends is because they get caught in one-day trends. Today’s gainers list may become tomorrow’s losers list.

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