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#BTC# #ETH# 1 November 12th Market Analysis
Recently, the price of Bitcoin has fluctuated between $921,000 and $103,000, especially failing to break through $102,000 several times in the past two weeks, now hovering around $94,000. Technically, Bitcoin has a strong support at $92,000, and may rebound to $103,000 in the short term.
In terms of market sentiment, the US government's plan to sell confiscated bitcoins and the uncertainty caused by the change in the Fed's interest rate reduction expectations, but Trump's inauguration may bring favorable policies. It is recommended to take a buy-on-dip strategy and set stop-loss points.