With CZ's return, the crypto circle is about to reach new highs, with 2024 expected to recover and 2025 possibly seeing explosive growth. The weekend is here again, wishing everyone a great weekend! During this time, try not to focus too much on the market and take some time to spend with family. Generally, the main players rest on weekends, so significant market movements are uncommon. Although there was some volatility last weekend, the market is mostly stable.
If there are any major changes, I will notify everyone immediately. Yesterday, I also issued a risk warning in the circle. I mentioned in previous articles that the market might correct, which involved a lot of risks since everyone was bullish. Now that we have corrected to this position, it’s actually a good thing, as we can build momentum after the pullback and have a chance to break through the previous high, starting a new uptrend.
In the short term, the market is expected to oscillate between 68,500 and 71,500, with little chance of a direct move up or down. If the market can break through 73,800 next week and stabilize, then Bitcoin will start a new round of increases. However, I believe that breaking through this level might have to wait until after the election.
Everyone should try to avoid trading over the weekend and relax a bit. I'm also taking this opportunity to rest well. If the market starts moving later, there might not be time to rest.
Speaking of CZ's return, he has recently publicly discussed many issues, stating that he will continue to live as an investor. Although he wasn't bullied in prison, it would be too funny if this big figure was bullied there. He is in good condition and mentioned that 2024 will be a year of recovery for the crypto circle, with more opportunities expected in 2025.
CZ's return has given investors a sense of security. Although there are not many direct benefits, it provides a sense of peace of mind. Everyone must hold on to their quality assets; as the market adjusts, bearish news will increase, so everyone should stay calm and not be affected.
Currently, the mining cost for miners is around $86,000, which includes various expenses such as operational management and taxes. Despite the high costs, miners are still increasing their investments, and the overall Bitcoin network hash rate has reached a new high, indicating their optimism about the future of Bitcoin.
Now let's talk about the election. CZ mentioned that whoever is elected will be beneficial for the development of cryptocurrencies. However, we hope Trump can win because Harris belongs to the Biden camp, which may bring more uncertainty. Recently, there have been some unfavorable news for Trump, and the polls have started to show him trailing. People might be worried, but I actually feel a bit more secure. Because if everything goes smoothly, there must be a problem. After all, both parties have a large number of supporters, and it's impossible for one person to win all the votes.
Alright, let's wrap up here for today. Wishing everyone a great weekend! #美国大选后行情预测 #美国大选后涨或跌? $BTC $ETH #11月市场预测