Harris has completely lost it. She announced that the limit for the $0 purchase program would be increased from $750 to $1500, doubling the amount that was previously unattainable for phones. Now, it can be grabbed directly, and even right after midnight, the limit updates again, allowing for more grabs. This is simply a benefit for Black people. It’s important to know that prior laws in the U.S. stipulated that it was legal for one person to grab $750 in a day. A lot of Black people relied on this to make a living, and now that the limit has been raised to $1500, it’s a significant boost. What’s even more outrageous is that Harris explicitly stated that if she is elected president, she would raise it to $3000. The Black community went wild. Harris is really going for it. Initially, I was thinking about claiming Musk's million-dollar bonus, but now I’m starting to hesitate. After all, receiving $1500 daily for free is quite enticing. I believe many people don’t understand the deeper implications. It’s actually quite easy to understand. Previously, Musk distributed dollars to those who were undecided, encouraging them to support Trump, which resulted in Trump’s votes overshadowing Harris. Now, this move directly boosts his votes. After all, the election is fast approaching, and we’ll see if he can become a candidate. Today, Bill Gates also joined the support, privately expressing a donation of $50 million to support Harris's campaign. The old guard and the new wealthy are supporting each other from different camps. We will know who wins on November 5. Meanwhile, I hope Trump can be elected to resolve the current global conflicts, allowing those homeless due to war to have stable lives. Of course, an important point is that if Trump is elected, the cryptocurrency market will also see benefits and won’t be heavily suppressed. Trump will comprehensively address the biggest risk the U.S. currently faces: economic recession.
Now, let’s take a look at the market. The day before yesterday, I reminded everyone that there would be a short-term correction due to heavy upward pressure. Many people saw the sudden surge and chased the price at high levels. I previously mentioned that when you are most excited, the dealer's scythe is about to come. Those who are chasing high positions are the targets for the dealers to harvest. Simply put, after such a long rally, it’s essential to harvest some profits. The most important thing is to wash out some people. The recent days of correction provide you with an opportunity. If you want to lay out your strategy, you can directly ask me. This is your chance; don't miss it, as there are too many uncertainties after the election. You'll know how hard it is to make money then. Currently, Bitcoin is hovering around $66,700, with a low of $66,095 today. Next, pay attention to the support level at $65,000 and the resistance level at $67,000. If it can stabilize above $67,000, then the next target will be $68,500. For Ethereum, the lowest was $2,555, and it hasn’t broken below $2,500. The support below is still quite strong, focusing on $2,500 and then strong support at $2,200. The resistance above is around $2,700; there is considerable pressure here. The altcoins are also catching up with this correction, and the established altcoins are expected to have a good rebound. Just be patient.
Now let’s talk about the stock market. The stock market seems to be up, but in reality, many people aren’t making money. Many chased the highs and are basically stuck. Today looks red, but the actual loss effect is quite severe. Now, everyone should avoid blindly chasing highs and instead wait patiently for stability. The economic war between China and the U.S. is intensifying, and we must remain steady. Regarding housing prices, the transaction volume has been relatively good recently, and the stimulus for consumption has achieved some effect. After the end of interest rate cuts, housing prices will still decline. We want to avoid a situation similar to Tokyo’s housing prices becoming a bubble. Remember, houses are meant for people to live in. Now, with China entering an aging society, retirement has been postponed, and the birth rate is not as high as before, which means there will be a surplus of housing. The ultimate goal of the country is for everyone to be able to afford housing, not to worry about housing in the long term. Otherwise, stimulating consumption will become increasingly difficult. This is just a reminder. Finally, I am Lao Shan. Thank you all for watching. See you tomorrow!
