The night before yesterday, Bitcoin experienced a battle between long and short positions at key points. In just 4 hours, long and short positions exploded, and the amount of liquidation reached 150 million US dollars, indicating that there is a big divergence between long and short positions. At present, the bulls have temporarily taken the advantage, breaking through the downward channel line pressure of the previous two high points of 72,000 and 70,000, and the short-term upward trend remains. If it can stand firm in the next few days, then it will challenge the strong pressure position between 69,000 and 70,000. This position has accumulated a lot of chips in the past six months. The short-term market is dominated by the contract market. There will inevitably be a battle between long and short positions. Unless there is a big positive cooperation, it will be very difficult to break through this pressure position in a short period of time.

In addition, there is an event in the past two days that you may not have thought too much about. The contract team competition organized by Binance has also begun. To put it bluntly, this is the global gambling king competition. In addition to the contestants on the field, the big whales outside the field are even more eyeing them. It just so happens that Bitcoin has reached the key point of 70,000 again, so the market will inevitably have violent fluctuations, so everyone should be cautious.

In terms of recent operation suggestions, don't chase high in the short term. After all, the profit and loss ratio is not high. Those who miss out on opportunities should wait patiently for the callback and then enter the market in batches. The two major pressure points behind are still in a process of repeated pulling. If the big cake and the mainstream break through the strong pressure level, it will inevitably cause a blood-sucking effect on the market, so there is still an opportunity to enter the market. In the short term, I also plan to reduce my floating profit spot positions by 20~30% from 69,000 to 73,000 in batches, and change positions for currencies that perform poorly. In the medium and long-term spot, Sister Bei is still firmly bullish. In August, she predicted the turning point of 49,000 and bought the bottom early. After reducing positions at this key point, she will continue to hold 70% of the long-term positions. If the big cake is really strong enough to break through the previous high in one fell swoop, and there is no opportunity to enter the market at a low level, then this wave of reduced positions can be decisively bought after the breakthrough, so that the loss of missing out is small, but you can move forward and backward freely.

There will be continuous positive news in the next month, so I will spend more time to recharge my faith with you. The first big positive news is that according to the latest data from poly market, Trump's approval rating has soared from the lowest 48% last month to 58% yesterday, and he has opened a 16% gap with his opponent Harris. His election is almost a foregone conclusion. Musk personally supports him, and Musk has been very popular recently. The strong combination will bring a cryptocurrency president, and Trump also issued his own cryptocurrency today. Can you imagine that a president is so supportive of cryptocurrency, although it is more for politics, but it brings a lot of benefits. Once he is elected, the passage of the Bitcoin Reserve Act will bring a lot of funds to Bitcoin, directly locking in 1 million liquidity. So when the election results are announced at the beginning of next month, I think it is very likely to directly trigger the main bull market uptrend, allowing the big cake to soar to 100,000 US dollars by the end of the year.

Another very critical point is that the Nasdaq index related to Bitcoin is about to break through its previous high. The linkage between Bitcoin and Nasdaq this year cannot be said to be completely consistent, but it is almost the same. Moreover, starting from October, both the cryptocurrency circle and the US stock market have strong expectations for rising, which Wall Street calls the Halloween effect. You can look at the previous trends of the cryptocurrency circle or the US stock market at will. Autumn and winter have always been traditional rising months. In addition, the upcoming Binance Global Blockchain Conference on the 30th of this month will see Zhao Changpeng's high-profile comeback. The Global AI + WEB3 Conference held in Bangkok, Thailand on November 11 was attended by the Prime Minister of Thailand, Huang Renxun and V God's Ethereum Foundation. The time and plan for the Ethereum Prague upgrade will also be announced, and there will be the second interest rate cut by the Federal Reserve in November. With so many super positive factors, we are definitely looking forward to the next market in the cryptocurrency circle.

I think the third stage of the bull market will start in the next few weeks. Breaking through the previous high of 73,000 is just around the corner. You can buy all the coins at a low point. Those who followed Sister Bei’s full position early on have already made a lot of money. $SOL $ETH $BTC #美国大选如何影响加密产业？ #BNB涨至600 #特斯拉转移比特币 #BTC要挑战7W大关了吗？ #美股财报季来袭