Soaring, breaking through 71,000 USD!
Already very close to breaking through! Are you ready to welcome a brand new historical high?
I cannot rule out the occurrence of a spike, but! The fastest scenario is to see it on the evening of the 30th!!!
Only Bitcoin rises, altcoins remain unchanged.
Answer:
Only when BTC first drains and breaks through can it slowly drive the overall market's rise and the opening of altcoin markets! Market confidence and sentiment need to be built slowly from the past 7 months of adjustment. When Bitcoin truly breaks and accelerates, it will attract and draw in more external funds to participate, thus pushing the overall market's development higher!
Let’s talk about the election; if Harris is elected, will there be a black swan?
If Trump is elected, it will be favorable for crypto, as Trump once threatened to make BTC a national reserve currency.
This is very strong; it may change the nature of crypto!
From something that has been regarded as a scam for decades, suddenly being treated as a legitimate force!
This is also the reason Buffett has been crazily selling US stocks recently, because if this capital gains tax is implemented, the rich can only sell assets and gather cash to pay taxes.
Robbing the rich to help the poor will inevitably trigger a wave of selling frenzy!
However, under the current interest rate cut cycle, as long as the interest rate does not quickly drop below 4%, the overall crypto market is still very stable! Rest assured!
This expectation allows global assets to remain in a relatively easy stage for making money because of this anticipation!
However! If the Federal Reserve completes interest rate cuts and returns to the most favorable interest rate between 3%-4%! Then it's time to enter a bear market!
So, we need to make good use of this wave of interest rate cut expectations!
Complete this round of the bull market with a secure profit!@币安广场
For you who are confused about the current market, here are a few suggestions!
1. It has been said that this wave of Bitcoin is about reaching new highs; currently, everything is within expected range, continuing to wait for the new high threshold.
2. Most altcoins will only heat up after Bitcoin breaks its new high, specifically manifested as altcoins continuing to explode.
3. Before Bitcoin reaches a new high, altcoins will fluctuate back and forth, continuing to be drained by Bitcoin, but there will still be localized hot market conditions.
4. No FOMO, do not crowd into places with many people.
Hold your chips well, waiting for the final performance of the market.
