Yesterday's CPI index met expectations. On October 30, the Federal Reserve's rate cut of 25% has reached 98.5%.
Additionally, I've heard that China has started buying American soybeans, so the China-U.S. trade war is definitely easing and compromising. Trump, that guy, usually softens his stance when he benefits; his true nature as a businessman is fully displayed.
From a technical perspective, it is indeed a K-line combination, a bullish engulfing pattern, and the MACD and moving averages at the bottom are about to golden cross.
Bitcoin around 111000 is defending 109000 and supplementing 107500.