Just as predicted, the crypto market has had a rebound over the weekend. A specialty that only the crypto market has, when the traditional financial markets are closed.
This signals a trend for the new week, a bullish trend for $AAVE and other altcoins.
So where does this rebound come from?
Firstly: The market has corrected more than 30% from the peak of $120k, showing a dip-buying phase by whales and smart wallets.
Secondly: The expectation that the Fed will cut interest rates soon has risen to 70% based on Polymarker's predictions. At the same time, the QT program signals it will soon end, potentially followed by QE. This helps ensure ample market liquidity, reinforcing bullish sentiment.
Thirdly: The recent price drop was a momentum drop following the decline on October 10th. Liquidation of all dip-buying positions from the previous drop at the price level of $80k. Typically, after each momentum drop, there will be rebounds to test resistance areas.
Fourthly: Influencers and sharks like Saylor and Tom Lee remain quite optimistic about the current situation.
With such positive information, I expect this week to be a strong bullish week for $LINK $ZEC and the entire market.
So what do you think? Do you share my view on the BULLISH sentiment this week? Let me know below.
