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- 💥 Gate Square Event: #PostToWinPIGGY 💥
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Launchpool 👉 https://www.gate.com/announcements/article/47886
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The market expects a 25 basis point rate cut, and volatility has surged to 54%. The price is currently consolidating sideways around $113,000, staying above the 7-day trading volume weighted average price, which is $111,600. The bullish structure is maintained for now.
The current volatility has risen by 190%, and the technical pattern is showing a consolidation phase before a breakout. However, it is important to note that this so-called consolidation phase does not necessarily mean that there will be a rise in the next couple of days. Instead, it refers to a consolidation phase that has emerged since the significant drop, characterized by fluctuations, up to now.