Analyst: Fed Rate Cut Imminent, Market Volatility Surges, Exhibiting Typical Pre-Breakout Accumulation Pattern

BlockBeats News, October 29th, CryptoQuant analyst Axel posted on social media, stating that the market widely expects the Fed to cut rates by 25 basis points, with volatility surging to 54%. Bitcoin is currently hovering around $113,000, still holding above the seven-day VWAP support level. The overall bullish structure remains unchanged. With the surge in volatility, the current technical pattern exhibits a typical pre-breakout accumulation phase.