Yesterday's PCE data performed poorly, and U.S. stocks opened lower across the board, leading to a slight market pullback.
Due to the influence of election victory probabilities, Trump's company's stock even experienced a circuit breaker.
In such circumstances, large funds tend to choose safe havens, which can have a certain impact on the market.
Market fluctuations are normal, and there's no need to panic. Before the election results are announced, market volatility may continue. Regardless of who is ultimately elected, it will be beneficial for the crypto market in the long run.
Although there may be short-term impacts on price fluctuations, if a pullback occurs, it presents a good opportunity for us to buy at lower prices. Historically, when Bitcoin drops by 5 points, altcoins usually fall by 10 to 20 points.
However, currently, altcoins have not significantly followed the drop, which is actually a good sign, indicating that major funds are gradually entering the market.
Recommendations:
- Those who entered at low positions should hold;
- Those who chased high should look for suitable exit points;
- Those with no positions or light positions can consider positioning in potentially promising coins.