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#BTC Currently, Bitcoin has firmly positioned itself at $120,000, while Ethereum has also broken through the $4,400 mark. This trend indicates that the Digital Money market has entered a new phase, and traditional support level concepts may no longer apply.
The non-farm employment data originally scheduled for release on Friday may be delayed due to the government shutdown. However, regardless of when this data is released, the market reaction after the interest rate cut in September is expected to be positive for Digital Money.
Looking ahead to October, the digital money market is likely to welcome a new round of upward opportunities. Market participants generally believe that Bitcoin is expected to challenge the $130,000 mark, while Ethereum may test the $5,000 threshold.
In this uncertain economic environment, Digital Money is showcasing its appeal as an alternative asset. However, investors still need to exercise caution, closely follow market trends, and assess risks appropriately.