October 30 Afternoon Thoughts

　　Behind this round of rising momentum in the cryptocurrency market, Trump's "Trump Trade" ideology has played an important role. As the Republican candidate, Trump has consistently shown goodwill towards the cryptocurrency industry, vowing to make the United States the global capital of cryptocurrency. This stance sharply contrasts with the cautious attitude of Democratic candidate Harris and has intensified the divergence in market expectations for Bitcoin's trajectory. However, regardless of the election outcome, the upward trend of Bitcoin has become a foregone conclusion, reflecting the market's recognition of the potential of cryptocurrency and optimistic expectations for the election results to some extent. Therefore, there is no need to question the recent rise of Bitcoin; understanding the underlying logic clarifies why Bitcoin is easy to rise and hard to fall recently, rather than simply comparing it with past historical trends, as history and the present have no causal relationship. Anyone questioning Bitcoin's rise or singing its decline will undoubtedly miss out on this bull market, without exception! The technical analysis is quite clear: after the one-hour structure completed its adjustment, it continues to accelerate upwards to challenge the highs. After a rapid rise yesterday morning, it repeatedly tested the support position of the 69800 top-bottom conversion, and ultimately accelerated upwards twice again in the Asian and American sessions, reaching near the historical high of 73800 at 3 AM last night. Therefore, today there is no doubt that Bitcoin continues to rise; do not try to guess the top. Anyone attempting to predict the peak during a bull market, regardless of the method used, will be swept away by the market. It will soon be another historical moment; it just depends on whether you can keep up with this bull market. Today's pullback support focuses on 71500 and 70900. As long as it continues to stabilize above these two, any pullback today remains an opportunity to go long.

Bitcoin: 71800-72300 long. Target 72900-73500

Ethereum: 2610-2650 long. Target 2710-2750

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