Matrixport: The current market is mainly in a wait-and-see mode for short-term, while the medium-term pattern remains unchanged.

On October 28, Matrixport shared today's market views stating: Bitcoin is still in a range-bound fluctuation; in contrast, the US stock market has repeatedly set historical highs driven by the AI boom. There is a certain similarity to the rhythm seen last year: after a long period of low fluctuation consolidation, the price experienced a relatively fast upward movement within about three weeks ( historical backtracking does not represent the future ). The current narrow fluctuation places higher demands on traders' patience. The short-term focus is on wait-and-see, and the mid-term pattern remains unchanged. If the Fed maintains a dovish stance and continues to cut interest rates, the market is more likely to reflect a waiting period for clearer external driving signals. Such rhythms have also been commonly seen in history: after a long period of consolidation, fluctuations will be released in a concentrated manner over a shorter time.