10.31: Time is running out, TAO is rapidly climbing and increasing its value.

Affected by the bearish trend of Bitcoin, the market has seen a significant pullback in the past two days. The TAO that was analyzed for everyone a couple of days ago has also been impacted. However, from the recovery momentum after its decline, the bulls' confidence remains strong.
Bitcoin started to pull back from 116,000 points on the evening of the 28th of this month, reaching a low of 108,000 by noon on October 30, a drop of 8,000 dollars. During this period, the price of TAO remained strong, continuously testing the resistance level of 450 dollars to absorb the selling pressure from the previous peak. The main force planned to absorb the selling pressure before making a breakthrough. However, due to Bitcoin's continued decline the following day, TAO also released a selling pressure, dropping from around 450 dollars all the way down to 390 dollars. The selling pressure from short sellers was also quite sufficient during the decline. At 3:00 AM today, BTC reached a support level of around 106,000, where it had three rebounds. TAO also quickly climbed, with hourly candles consistently closing positively, and the current price has reached 435, recovering 70% of the drop. The main reason is that TAO's active buying pressure is strong, and the main force is eager to raise the price.
At present, with just over 40 days until the TAO halving on December 12, the demand for speculation is strong, so this coin is expected to perform well. The bullish pattern on the daily chart remains intact. The MA bullish guidance is in the early to mid-stage, without a significant rise, showing great potential. For friends holding spot positions, it is advised to maintain stable holdings. Due to the range of 470~500 dollars above, there are multiple previous peak points, which create trapped positions, and the main force needs capital to bear the selling pressure to break through this resistance zone. Only then can it reach the next pressure level near 590. Thus, a short-term price drop near 450 is very normal. Once the pressure zone is broken, we will quickly see TAO above 550 dollars, at which point it will continue to press against the trapped positions near 590, heading towards the next target. Currently, the expectation for TAO to rise over 50% within two months remains unchanged.