Bitcoin has fallen from $69,000 to between $66,600 and $67,000 as expected, and is currently retracing to a significant trend line position.

How should we view the subsequent market trend from here?

Bitcoin has dropped from $69,000 to $67,000, reaching the trend line and the 0.236 Fibonacci retracement level.

There is a high probability that this position can hold, forming the so-called '519' bottom, and then there may be a second rally, breaking through the stop-loss level of $69,400.

The upper target for this wave of increase is approximately around $72,000.

If the price falls below $66,600 and remains below this level, it may indicate that the market trend will worsen.

Regardless, this price fluctuation is viewed as a corrective rebound, rather than the start of a major bull market.

Next, the market may anticipate a large-scale washout, falling below $40,000.

Regarding the arbitrage opportunities of Bitcoin (BTC) in the U.S. elections, here are some details:

1. **The relationship between the U.S. elections and BTC:** Over the past decade, despite the change of U.S. presidents from Trump to Biden, BTC has also experienced two cycles of bull and bear markets, but there is no direct correlation indicating that BTC prices are directly related to who holds the presidency.

2. **Employment market and monetary policy:** The current employment market is performing well, but this may slow down the pace and extent of interest rate cuts. Whether there will be a soft landing in monetary policy needs further observation next year.

3. **New highs in the U.S. stock market and BTC:** Although the U.S. stock market continues to reach new highs, the cryptocurrency market often leads in declines independently. If the U.S. stock market drops, the impact on BTC is also worth noting.

4. **ETF fund inflows:** In recent days, despite significant inflows into BTC, the price has not risen significantly, indicating that large funds are also exiting. Grayscale's clients have also faced paper losses, and BlackRock is not guaranteed to profit either.

5. **Technical analysis indicators:** A weekly MACD golden cross is usually seen as a bullish signal, but a dead cross may reappear after the golden cross, so this indicator does not hold much significance.

6. **Comparison of historical halving trends:** The key factor affecting BTC's price long-term trend is no longer the halving event, but monetary policy. The adjustment period of this monetary policy is much longer than the last cycle, and the adjustment time will also be lengthy.

7. **Liquidity and price driving:** The core driving force of the cryptocurrency market is the liquidity brought by monetary policy. Currently, balance sheet reduction is still ongoing, the U.S. dollar is strongly rebounding, interest rates are still high, and achieving Quantitative Easing (QE) is still far off. Therefore, now is not the time to welcome a bubble. However, BTC's price has risen from $15,500 to $68,000, making it difficult to find reasons to buy BTC in the current market environment.

These analyses provide a multi-angle consideration of BTC's future trends. For whether to engage in arbitrage operations, investors need to make decisions based on this information and their own risk tolerance.

The SOL whale has once again demonstrated its influence in the market, successfully selling 22,726 SOL at the market peak, earning a profit of up to 3.86 million dollars. The amount of SOL held by this whale investor has decreased, but the remaining holdings are still as high as 20,000 SOL, with a market value of approximately 3.33 million dollars. Its cumulative profits have exceeded 2.5 million dollars, and this number continues to grow.

The key to the whale's ability to achieve such high returns lies in its deep market insight and precise timing, which are skills possessed by top investors. The cryptocurrency market is known for its high volatility, and opportunities are often fleeting. The whale's decisive actions have brought it substantial rewards.

Despite cashing out, the whale still holds a considerable amount of SOL, indicating that it may be preparing for the next round of market upswing. This action is not only a practical case of profit-taking but also showcases that those who can keenly capture market signals and act swiftly are often able to achieve success in unpredictable market conditions.

Regarding the future of SOL, whether there will be a rebound or if now is the time to harvest depends on various factors, including market sentiment, technical analysis, fundamentals, and the macroeconomic environment. Considering SOL's recent market performance and the whale's behavior, investors should remain vigilant, closely monitor market dynamics, and make decisions based on their risk tolerance and investment strategy.

Solana has broken through the significant resistance level of $160, and the current price is $166. However, it faces obstacles in the supply area at $171. This price level was a minor support level at the end of July but has now become a resistance level. If SOL can successfully break through this resistance level, the next target will be a higher supply level, around $188, at which point investors may choose to take profits or adjust their portfolios.

Despite the recent price performance showing strong momentum, a healthy pullback to test the previous resistance level of $160 as a new support level is also expected. Such a pullback may lay a more solid foundation for SOL's future upward trend. Overall market sentiment remains optimistic, with many cryptocurrencies on the rise, which may further drive Solana's price.

If SOL can maintain above $160, it may signal the beginning of the next rebound, preparing Solana for further increases in the coming weeks. Whether it can break through the resistance level of $171 is crucial for determining if SOL can maintain its bullish trend.

Is this the reason you think Bitcoin will rise to $100,000 in the fourth quarter?

1. **U.S. Election:** Over the past decade, whether Trump or Biden was president, Bitcoin has experienced two cycles of bull and bear markets, indicating that Bitcoin's trend is not directly related to who is president.

2. **Improvement in the Job Market:** Although improvements in the unemployment rate may suggest a soft landing for the economy, this could also slow the magnitude and speed of interest rate cuts, and we will need to observe at least until next year.

3. **U.S. Stocks at New Highs:** Typically, even if U.S. stocks rise, the cryptocurrency market often declines independently. How will the cryptocurrency market react if U.S. stocks fall?

4. **ETF Inflows:** Despite a large influx of funds into Bitcoin ETFs recently, the price of Bitcoin has not risen significantly, indicating that there are also large amounts of money exiting the market. Grayscale investors have faced paper losses; can BlackRock guarantee profits?

5. **Weekly MACD Golden Cross:** The weekly MACD golden cross is considered a bullish signal, but in reality, it doesn't hold much significance, as a death cross may still occur after the golden cross.

6. **Trends After the Last Halving:** The key factor now affecting Bitcoin's long-term price trend is no longer the halving event, but monetary policy. The current adjustments in monetary policy, whether raising or lowering interest rates, will take longer than the last round, and the adjustment period will also be longer.

The core factor driving the rise in cryptocurrency market prices is the liquidity brought by monetary policy. Currently, the balance sheet reduction is ongoing, the dollar is rebounding strongly, interest rates remain high, and implementing quantitative easing (QE) is still far off, making it far from time to welcome a bubble. However, the price of Bitcoin has risen from $15,500 to $68,000; I really can't find a reason to buy Bitcoin now.

Just five minutes ago, I was still on the road, with the roar of the engine in my ears, thinking about the next rest stop. But now, my attention is completely captured by the continuously rising Bitcoin. Everyone, Bitcoin has reached a peak of $68,500, and many believe this is a sign that Bitcoin is about to surprise us. The question arises: can it hold its ground at this price? If it can, then this will be a good opportunity to continue accumulating Bitcoin. Climbing from $50,000 to $67,000 wasn't easy; every day felt like driving a truck and drifting. But at this price level, we are not rushing to chase the rise; instead, we are waiting for it to break through $70,000 and even advance towards $74,000, so we can feel more confident.

For those who entered around $66,666 with long positions, congratulations, your operations synchronized with the big whales! However, everyone shouldn't just focus on Bitcoin; the performance of Doge, which I mentioned earlier, has also been outstanding recently, rising by 20%. I look forward to it bringing me more surprises.

So, this time I fully invested in Doge at this price level, with the next target being $0.20. Everyone remember to stay tuned! As the saying goes, the bold get rich, while the timid starve, right?

Regarding the future trend of NEIRO, I personally believe that it will continue to rise until it reaches a convincing height. Here are a few reasons to support my view:

1. **Significant increase in the primary market**: NEIRO has achieved huge value-added in the primary market, which may give retail investors a feeling that the price is already too high and the risk is too high. But in reality, it is precisely because of the significant gains in the primary market that mainstream trading platforms like Binance are unlikely to easily reverse this trend. The cognitive dimension of the market has changed, and we can no longer view the development of this project from the perspective of the primary market.

2. **Market Sentiment in the Early Stage of a Bull Market**: Currently, we are in the early stages of a new bull market. Many retail investors have been tortured by market fluctuations in the past six months, their confidence has been frustrated, and they are still immersed in pessimism and have not yet realized the changes in the market. This is exactly how a few people can profit. At the same time, the market also needs some positive signals to boost investor confidence and inject vitality into the subsequent market conditions.

3. **The strong strength of the capital behind it**: The capital power behind NEIRO is very strong. Many people may have noticed who the banker is behind it. This strong financial support provides a solid foundation for NEIRO's future growth.

In addition, NEIRO, as an emerging meme currency competitor of SHIB, has recently reached a record high and ranked among the top 100 in market value. At the time of writing, NEIRO is trading at $0.00200118, showing strong upward momentum. In the past few days, whale investors have purchased more than 29.1 million NEIRO tokens, indicating strong institutional investment interest. This accumulation has driven the price significantly higher, and if key resistance levels are breached, NEIRO is expected to rise further. NEIRO is currently forming a rising wedge pattern, and although the overall bullish trend remains, a consolidation or pullback is possible in the short term. The current resistance is at $0.00220188. If this level is exceeded, the next targets are $0.00240693 and $0.00266475 respectively. However, if the current gains cannot be sustained, a retracement is likely, with support at $0.00172226, $0.00166388, and $0.00154557.

A bombshell is coming!

Mysterious "smart money" is operating PEPE tokens on a large scale!

Earn hundreds of thousands of dollars in just three weeks!

On-chain analysts recently discovered a mysterious fund that boldly built a position in PEPE tokens when the market plummeted three weeks ago.

Just on October 3, this fund successfully withdrew 304.1 billion PEPE at an average price of $0.0000089455! Then 15 hours ago, it actually recharged all these tokens into Binance!

What's even more surprising is that eight hours ago, this fund withdrew 322.2 billion PEPE tokens from Binance, worth about $3.39 million!

So, how much did this "smart money" make? If it had sold it when it was recharged, it would have made a profit of $420,000; and if it changed its mind and continued to hold it, it would now have a floating profit of $550,000!

This is really a coveted "smart money"! It is really admirable that he dared to build a position when the market fell sharply, and then acted decisively at the right time!

As Trump's chances of winning increase, his personal security risks also increase. Since the early voting for the US election began on October 15, voters in most states have eagerly cast their votes, indicating that the election is about to come to an end. According to analysis, the election situation between Trump and Harris is very close, with the difference in support rates between the two being only one or two percentage points, and fluctuating within this range.

Some people believe that before Trump has finalized his victory, considering the previous assassinations and violent incidents against him, the greater his lead, the greater the personal security threat he faces. At present, the most important thing for Trump may not be to further win votes, but to take all necessary measures to ensure his personal safety. If an accident occurs in the final stage of the election, it will be meaningless even if he wins the election.

As for the results of the US election, no matter who wins or loses, the impact on China is limited. The peace-loving Chinese people will once again call on all parties concerned to exercise restraint, avoid any dangerous incidents during the election process, and ensure that the election can proceed normally.

Before exploring whether the following three altcoins priced under $1 can be a fast track to wealth growth, let's take a look at these coins:

1. DOGEN: This is a meme token designed for alpha males who pursue excellent quality of life. Holding DOGEN is like releasing the inner alpha, and it symbolizes those who yearn to enjoy the good life. DOGEN represents a leadership spirit that never misses any chance to win. It is a token for winners, satisfied with everything, including luxury cars, a lot of wealth and a beautiful partner - this is the lifestyle of Alpha DOGEN. It encourages holding like a boss and conquering the market. DOGEN is already preparing for takeoff and is expected to achieve up to 700% growth after the end of the presale, and this is just the beginning. With DOGEN, investors can look forward to potential thousand-fold returns as the meme token is leading the hot trend of this round of altcoin season. Currently undervalued, DOGEN is ready to take this cryptocurrency story to the next level and may set records in the current bull market.

2. Shiba Inu (SHIB): This is a Dogecoin-inspired cryptocurrency built on the Ethereum blockchain. Launched in August 2020 by anonymous developer Ryoshi, SHIB has a large token supply. Half of the tokens were sent to Ethereum co-founder Vitalik Buterin, who donated a large portion of them to the Indian COVID-19 Crypto Relief Fund and destroyed the rest, reducing the total supply.

3. PEPE: This is a deflationary meme coin inspired by Pepe the Frog, based on the Ethereum network. PEPE was launched to mimic the success of tokens such as Dogecoin and Shiba Inu, and its characteristics are no transaction tax and lack of practicality, which further consolidates its identity as a pure memecoin. In mid-2023, PEPE's market value peaked at $1.6 billion, attracting the attention of a large number of cryptocurrency enthusiasts and triggering a meme coin craze.

Whether these altcoins are a shortcut to wealth still needs to be tested by the market and time. Investors should carefully assess the risks and do sufficient research when considering investing in these currencies.

Recently, the market performance and future price prediction of Dogecoin ($DOGE) have become the focus of investors. The following is an analysis and prediction of the price trend of Dogecoin in the next week:

1. **Price Dynamics**: In the past 24 hours, the price of Dogecoin has increased by 7.19% and is trading at $0.14501. The market trend is positive and it is expected that the resistance level of $0.14700 may be tested in the next week.

2. **Market Sentiment**: The current market is bullish on Dogecoin, and the Fear & Greed Index is 71 (Greed), indicating that market participants are generally optimistic.

3. **Trading Volume and Volatility**: The trading volume of Dogecoin has increased, and the market volatility is 6.06%, providing traders with opportunities to enter the market.

4. **Technical Analysis**: Technical analysis shows that the price of Dogecoin is consolidating around $0.14384. If it can maintain this level, it may provide a strong buy signal and may break through the resistance level of $0.14700.

5. **Risk Management**: Given the volatility of Dogecoin, it is recommended to set a stop loss below $0.13652 to guard against downside risks.

6. **Short-term forecast**: According to CoinCodex's forecast, the price of Dogecoin may decline in the coming week and is expected to reach $0.122998 by October 22, a decrease of 1.35%.

7. **Long-term forecast**: In the long term, some analysts predict that the price of Dogecoin may reach $0.198 in December 2024 and may trade between $1.32 and $1.47 by 2030.

Overall, the market performance and forecast of Dogecoin reveal its potential growth opportunities, but investors should also pay attention to the relevant risks when considering investment, pay close attention to market dynamics, do a good job of risk management, and make decisions based on their own investment strategies and goals.

In the last bull market, the operating model of high-quality projects is usually: the project party develops a public chain by telling an attractive story, raising funds, and then investing funds to list their projects on large exchanges. Once listed, the project party attracts retail investors by raising prices, and even when the project party has already obtained huge returns, retail investors can still get considerable returns as long as they hold.
However, in this bull market, the situation is different:
- Project parties still raise funds through financing, tell stories, make PPTs, and use popular concepts such as AI and RWA (Real World Asset) to attract attention, but there is not much technical innovation in fact. Their goal is to be listed on a large exchange, and then unlock the tokens for selling, and they can get profits even if the price falls, but the returns of this model are not high. The key is that no retail investors are willing to take over now.
- A new narrative is taking shape: from inscriptions to meme communities, retail investors are beginning to unite and refuse to buy some altcoins without substance. They would rather take risks in decentralized finance (DeFi) than take over on exchanges. Therefore, once the altcoins are pulled up, they will quickly withdraw, and everyone is rushing to exit, which makes it difficult for the market to have the myth of getting rich quickly. Community-driven projects, such as the CTO (Community Token Offering) model, can be listed on large exchanges and eventually attract capital to take over because of their solid community foundation and market value potential. In the end, it is the traders in the secondary market who pay the bills. They usually have sufficient funds but are unwilling to participate in on-chain activities. Capital may get 10 times the return, while retail investors may get 1,000 times or even 10,000 times the return.
In general, the place that gives retail investors the dream of getting rich quickly is the most attractive place in the cryptocurrency market. Bottom-up movements, from inscriptions to community memes, have emerged in this bull market. Foreign big Vs such as @MustStopMurad have pointed out that the rise of meme coins is a manifestation of the maturity of the crypto industry, not a blood-sucking crypto industry. The awakening and non-paying behavior of retail investors have promoted the healthy development of the industry, eliminated those project parties that have not brought new changes to the market and can only make PPTs, and brought a sense of crisis to these people,

Dogelon Mars (ELON) is a cryptocurrency project that combines two themes of great interest to the crypto community: space exploration and meme culture. Its name is a reference to both Elon Musk and Mars, a popular destination for space exploration. Initially, Dogelon Mars attracted attention as a novel and interesting token, but over time it has accumulated a group of loyal supporters.

Dogelon Mars has been able to achieve explosive growth in part due to the growing public interest in space exploration, especially with the promotion of Elon Musk. In addition, Dogelon Mars has a very strong brand effect and it has also carried out community activities with charity as its core, which have increased its appeal to investors and crypto enthusiasts.

Potential milestones for Dogelon Mars in the future may include cooperation with space-themed projects and community-driven charity activities. These cooperation and activities will help push Dogelon Mars to the center of public attention and increase its influence in the cryptocurrency market.

Bonk (BONK) is the first major memecoin launched on the Solana blockchain in response to the memecoin craze. BONK is increasingly popular in the market for its community-centric approach and efforts to raise awareness of the Solana ecosystem.

Part of the reason why BONK has been able to achieve explosive growth is that it is the first memecoin on the Solana chain. This unique position gives it huge growth potential. Especially considering the Solana blockchain’s focus on providing fast and low-cost transactions, this provides strong support for BONK’s development. In addition, the broad support of the Solana community helps BONK attract more attention and occupy a place in the memecoin field.

Potential future milestones for BONK include further integration within the Solana ecosystem, community-driven activities, and the development of new use cases for BONK. These factors are likely to drive BONK to achieve significant growth.

Floki Inu (FLOKI), a cryptocurrency inspired by Elon Musk’s pet dog, is not only a meme coin, but also has an entire ecosystem built around it. This ecosystem includes the FlokiFi suite, most notably the Play-to-Earn game called Valhalla, and FlokiPlaces, a marketplace for NFTs and merchandise.

Floki Inu has quickly gained popularity because it combines the fun of meme culture with practical application value to create a strong appeal. The FLOKI community is one of the fastest growing communities, and the team behind it is committed to building the metaverse and NFT market, which has laid a solid foundation for the development of Floki Inu.

Potential milestones for the future development of Floki Inu include the success of the Valhalla game, the increase in user adoption of FlokiFi, and new products. These factors have the potential to drive the price of FLOKI to new heights.

The design of Pepe Coin (PEPE) is inspired by the popular Pepe the Frog meme, which has been widely circulated on the Internet for many years. Pepe Coin has received widespread attention from the market due to its deep cultural connection and community-driven nature.

The reason why Pepe Coin has been able to gain popularity so quickly is that it relies on the huge meme culture formed by the Pepe the Frog meme. As long as it receives enough attention and hype on social media, PEPE has the potential to achieve explosive growth because it can leverage the broad appeal of Internet culture.

Potential milestones for Pepe Coin include community-driven activities, viral spread on social media, and listing on major exchanges. These factors have the potential to push PEPE to new heights of development in 2025.

Shiba Inu Coin (SHIB), known as the "Dogecoin Killer", has received widespread attention from the market due to its low price and huge supply, especially attracting many retail investors. Shiba Inucoin’s ecosystem is growing rapidly and encompasses multiple projects, including Shibarium, a second-layer solution, and ShibaSwap, a decentralized exchange platform designed to enhance SHIB’s utility.

Key factors driving Shiba Inucoin’s explosive growth include the launch of Shibarium, which is expected to significantly reduce transaction costs, making Shiba Inu even more suitable for trading. In addition, ShibaSwap rewards holders through an incentive mechanism, providing more reasons to hold SHIB rather than sell it.

Potential milestones for Shiba Inu Coin include the launch of ShibaNet, increased adoption of ShibaSwap, and possible partnerships. These developments have the potential to push SHIB to new heights of development in 2025.

狗狗币（DOGE）作为memecoin的鼻祖，最初只是一个玩笑，但后来却获得了埃隆·马斯克等知名人士的青睐，并逐渐形成了一个忠实的社区。狗狗币曾经因为社交媒体上的炒作和支持而经历了意外的价格上涨，它在memecoin领域仍然是一个极具竞争力的选手。它得到了多家交易所的大力支持，并且继续被用于打赏和小额支付的场景。

推动狗狗币价格上涨的因素包括埃隆·马斯克的巨大影响力、社区的热情支持，以及狗狗币在主流平台的融入，这些因素都可能为它带来显著的增长。如果市场环境对memecoin有利，狗狗币很有可能突破之前的历史最高点。

狗狗币的潜在里程碑包括支付系统的更广泛采用以及与像Twitter这样的大型平台的合作，这些都有可能推动狗狗币达到新的发展高度。

Regarding the country's position on virtual currency, some people do think that the currency circle is like a scam. But we need to analyze this issue rationally. First of all, the fact that virtual currency can exist in the market for a long time shows that it has its rationality. In addition, some countries such as the United States, Russia, and South Korea support the development of virtual currency, which also shows that virtual currency has legitimacy and development potential to a certain extent.

In China, according to the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" (Yinfa [2021] No. 237) issued by the People's Bank of China and other ten departments, it is clearly stated that virtual currency does not have the same legal status as legal currency, and related business activities are illegal financial activities. This shows that in China, the trading and speculation of virtual currency are strictly restricted.

For individuals, if they participate in virtual currency transactions, they need to be aware of the risks. Although there is currently no law that it is illegal to hold or trade virtual currency, the state has clearly prohibited related trading services and activities. This means that if individuals participate in virtual currency transactions, they will not be supported and protected by the law. Therefore, investors need to bear all risks and possible losses on their own.

In general, there are risks in the virtual currency market, and investors need to be cautious. Before participating in transactions, you should fully understand the relevant laws and regulations, assess your risk tolerance, and do a good job of risk management. At the same time, you should also realize that although some countries are open to virtual currencies, there may be different legal and regulatory restrictions in your own country. Therefore, investors need to make wise investment decisions under the premise of legality and compliance.

Bill Gates has publicly expressed his attitude towards Bitcoin, mentioning that if there is an easy way, he would choose to short Bitcoin. This view has attracted widespread attention and discussion in the market. In response, the founder and chairman of MicroStrategy suggested that if someone has a negative view of Bitcoin, they can consider shorting MicroStrategy's stock and guarantee that they will not sell the stock easily. Such a response implies a certain connection between MicroStrategy's stock and the trend of the Bitcoin market, and shows MicroStrategy's confidence in the value of its own stock.

Bill Gates' remarks have brought new thinking and direction to the market. As digital currencies become increasingly popular, investors are concerned about how to correctly view and operate crypto assets such as Bitcoin. As a company with a profound influence in the field of digital currencies, the correlation between MicroStrategy's stock and Bitcoin has become the focus of market attention. At the same time, this also shows that in the cryptocurrency market, even the attitudes and actions of celebrities may have an impact on the market.