As Trump's chances of winning the election increase, market sentiment continues to improve
Trump's winning rate officially exceeded 60%, achieving a true 64-to-60 odds against Harris. With just such a small data change, many off-market funds could not hold back and rushed in frantically, and Bitcoin ETFs continued to flow in. In fact, the price of the currency has now formed a strong tacit understanding with ETF funds. As long as the funds flow in, the price of the currency will rise, and if the funds flow out, the price of the currency will fall. The same is true for Trump's winning rate. As long as the winning rate is listed, the market will rush up.
Btc: Spot ETFs had a net inflow of $470 million yesterday. The bitcoin reserves held by the trading platform are now reported at about 2.68 million, a record low. These are all conducive to pulling up the data. From a technical daily perspective, the correction in the past two days has not fallen by half of the previous big positive line. This is a bullish signal. The 4-hour consolidation is over, and the market will continue to pull up. Don't let the copycat stocks you hold get washed out.
The current blood-sucking decline is obviously intended to wear down the patience of those who enter the market at low positions and with low leverage, and to kill both long and short positions.
Why is BTC rising, but altcoins are not fluctuating? Some even fell!
Let's look at the units in the picture: 1b is one billion. B is the abbreviation of the word billion, 1B=1 billion. M is the abbreviation of the word million, 1M=1 million. M is actually the abbreviation of Million in English, which means one million. The number of M means the number of millions of transactions.
The stablecoins in the cryptocurrency market are just over 1 trillion RMB! ! When there is no external large capital involved, it is actually more than 100 billion US dollars in the market that provide liquidity! Generally, the increase in USDT issuance is a good thing! The increase in issuance means that a large amount of off-site funds are rushing into the market!
What is a stablecoin? Stablecoins are digital currencies with stable value, linked to certain stable assets, such as gold, euro, dollar, etc., so that the unit price of the currency represents a certain purchasing power.
The market is neither as big as you think nor as small as you think!
There is so much liquidity in the cryptocurrency circle, including your personal cryptocurrency trading. You only have so many U in your hands. If you are fully invested and want to buy other coins, then you have to sell other valuable coins! So we are now seeing that BTC has risen, but many altcoins have fallen, because when Bitcoin rises, it will also suck the blood of altcoins! This is normal!
Therefore, the subsequent trend of this bull market is likely to be:
The big bitcoin sucks the blood of the cottage and rises, and everyone pulls back together. The big bitcoin sucks blood again and rises, and then everyone pulls back together again
This process will be repeated, and off-market funds may enter the market to boost Bitcoin. Of course, this off-market fund will only invest in Bitcoin, and the copycat stocks will just follow the general rise out of emotion until Bitcoin reaches the platform.
The market is full of confidence that this round of big cake will break new highs, and the copycat will move independently and form a real copycat bull market. I think this day should not be too far away
After the results of the US election are released on December 16, Bitcoin will have a chance to hit new highs again. I would not be surprised to see a 10-fold increase in the prices of copycat stocks next year.
At present, the important pressure point of Bitcoin is blocked and it faces a choice of direction. It is normal for cottage funds to hedge risks:
This is why we see that Bitcoin is still fluctuating strongly sideways, while the altcoins are retreating to a large extent.
However, profits and losses come from the same source. Don’t just see that the Shanzhai stock market has a large correction. The Shanzhai stock market also has a much larger rise than the big pie stock market.
Reasonable position allocation, advantageous entry points, and a good mentality and mood are the best solutions to deal with pullbacks and fluctuations.
Why is the value of the coins I hold falling? There are several possibilities:
1. Dog dealers have been selling goods, just like Vitalik Buterin’s praise of Ethereum before, while the Ethereum Foundation is selling goods!! Then Ethereum keeps falling!
2. The dog dealer is washing the market and absorbing funds. In the process of absorbing funds, he will continue to wash the market, with only one purpose to wash you off the car! And then burst! ! The previously very popular OG PEOPLE and so on!
3. The coin you bought is a rubbish one in terms of the track you chose. It’s hard to have a second spring after the craze has passed! In the end, it’s completely unsalable and is removed from the exchange!
4. Other reasons!!!
So when will the altcoins skyrocket?
After Bitcoin sucks blood, basically when BTC goes sideways, the concept of cottage will slowly start to be hyped, and then the sector will rotate! At present, BTC has rushed to such a high position, and the outbreak of cottage in the later period is inevitable!
When is the best time to buy a copycat at the bottom?
You can wait for BTC to pull back, and strike hard when the altcoin pulls back! In the current situation, you can also double-stock your favorite altcoin! Spot often waits for opportunities, accumulates strength, and goes steady and far! Don't be impatient when playing with coins, slow is fast!
Xianxian also does not recommend going to Gaobei to short the copycat. The copycat has fallen to this level. As long as it is not garbage, how much room does it have to fall further? A drop of 50 points or 80 points is not even a fraction of the historical highs, so it is unwise to short the copycat at this moment!
What currency should I buy in the current market?
Xianxian lists the strong currencies in each major sector, you can use it as a reference. For specific currencies to buy, Xianxian will give priority to Xiaoqun’s notification~
From Pepe, Floki, Bonk, People, doge to the recently launched Neiro, Turbo, etc., the popularity and capital influx of Meme coins have always been at the top. At least ⅓-¼ of the positions should be in the spot layout
2. AI Artificial Intelligence Sector:
Arkm, Phb, Wld, Fet
3. Chain oil sector:
Bnx currently has a large backfill, and you can deploy some spot positions around 0.6, Ygg, Loka, Gala, etc.
4. Sol Ecosystem:
Wif、Jup、Jto、Ray
It is not difficult to make money. It just requires a little patience to wait. The dealer is buying every day. The price I buy now is not much different from their opening position price. There is nothing to worry about. To make money, you just need to follow the rhythm of the dealer. When he buys, I buy, and then wait until he has washed enough chips and starts the main wave. Several times the increase depends on the degree of fomo at that time.
