Hey guys, was last night awesome?
Blood is flowing like a river! After Bitcoin climbed to 680,000, it fell below 650,000, and more than 100,000 people lost 300 million US dollars! Who created the BTC meme? Public order, it’s not too much to give it a thumbs up!
Bitcoin soared and plummeted last night, scaring everyone! Sure enough, it verified what I posted before! Bitcoin made a V-turn and pulled back to $67,000. The price fluctuation of "N-shaped vertical movement" can be said to be a double kill of longs and shorts! At the time of writing, it was temporarily reported at $66,775, up 1.33% in the past 24 hours.
Ethereum also fell sharply after approaching $2,700. Its volatility in recent hours has been relatively low. At the time of writing, it is temporarily reported at $2,606, down 0.48% in the past 24 hours.
The four major U.S. stock indexes all fell:
In terms of U.S. stocks, Dutch chip equipment giant ASML unexpectedly released its financial report one day in advance. The order amount in the third quarter was far lower than market expectations. In addition, there were news that the Biden administration was considering further restricting the export of high-end chips, which led to a collective plunge in semiconductor stocks, dragging Nvidia down 4.52% and TSMC ADR closing down 2.63%... U.S. stocks all closed in the red.
The Dow Jones Industrial Average fell 324.80 points, or 0.75%, to 42,740.42.
The S&P 500 fell 44.59 points, or 0.76%, to close at 5,815.26.
The Nasdaq index fell 187.10 points, or 1.01%, to close at 18,315.59.
The Philadelphia Semiconductor Index fell 287 points, or 5.28%, to close at 5145.21 points.
In the past 24 hours, the entire network has liquidated $302 million
Amid the volatile market of Bitcoin, the total cryptocurrency liquidation amount exceeded US$302 million in the past 24 hours, and nearly 100,000 people were liquidated under the double blow of long and short positions.
Currently on the way to the cow
1. Bitcoin is likely to hit a second waterfall near 67600.
2. There is a high probability that the secondary waterfall near 2680 will be hit
Now the market is constantly going up and down, with large fluctuations and sharp declines. The only thing to worry about in spot trading is not to be washed out. The leverage contract must have a small multiple. Let's see if it can stabilize at 70,000 this week. Then all the coins will take off by about 30%, just like the market at the beginning of this year. Old coins such as shib doge pepe will take off.
Now 10 of the top 100 market caps are meme coins. There is no escape for this wave of version children. Today, except turbo, the others have adjusted back. Bome has too many people optimistic about it, so most of it fell after rising, followed by dogs and meme. But there are definitely several that can pull 10 times, benchmarking pepe and floki last time. The bid will be issued internally later. Get on board!
As for the general election, Trump's chance of winning has reached 57.9%, while Harris's chance of winning is only 41.8%, leading Harris by 16.1 percentage points. I think it's time to place a D bet, Trump is basically sure to win! ! ! !
Who would be willing to give up this wilderness where the rules have not yet been fully established?
The crypto market has begun to influence the US election. This was unimaginable before. First, the scale of the crypto market has grown. Second, crypto regulations and policies have begun to relax. Third, crypto assets are also capital products, and are essentially technological derivatives of traditional finance.
What I want to say is that the fundamentals that affect the market, such as policies, technology, and emotions, are all changing with the development of the market. Don't look at them with a fixed perspective.
Today's low price will rise sharply in a short time. Looking back at the market since October last year, every half a month will make you feel that the price has risen too high, and at the same time, it will increase your fear. So why not ambush when it is cheap, rather than ambush after it has risen?
Then I won’t analyze the big situation, but only look at it from a small perspective. All the dealers can’t hold their temper anymore!
There are new products on the market, and the cake is so small that it has been reaped by some small dealers and small project teams taking advantage of various disturbances. They can't stand it anymore and want to set up a game.
Just like what I said a few days ago about Musk's ecosystem, Musk has been eroding the cryptocurrency circle and affecting the trends of other ecosystems in the cryptocurrency circle. The main reason is that his operating methods are too in line with human nature. Any slight movement will cause the market to follow suit, and any new goods in the market will be squeezed immediately.
The old currency Litecoin had some unusual movements today. This movement will cause the price to surge to over 80 at any time. This is the short-term fundamental. From a long-term perspective, many people actually don’t see that this currency is not a currency that will stay below 100, but has the potential to slide to 500, which means it has the potential to increase by at least 4-5 times in the future. This is just a preliminary consideration.
Let me talk about another magical coin. I mentioned this coin when the price was 1.2, but many people may have overlooked it. Judging from the current trend, the basic potential has been confirmed. This is a coin with the potential to become a double-digit coin, and at worst it will become a 2. You can observe it in the future.
It is normal for the sui trend chart to have a pullback at any time, and it is also normal if it does not have a pullback. Most of the time, it will go up to 3 first and then drop to around 1.7. If it drops to 1.7 first, it will be a bad thing, and it will have to stay for a few months.
Finally: At this time, you can just attack with your eyes closed, just follow your heart and be casual.
