First, let me talk about some major events in the past few days. Please read them patiently. According to relevant news, the boss of the Washington Post made a major decision. This big boss who had grievances with Trump and Musk suddenly broke the 36-year tradition of the Washington Post and expressed for the first time that he did not support any presidential candidate. This decision is thought-provoking. It is quite interesting to say that just when the employees of the Washington Post had drafted a statement in support of Harris, the big boss Bezos suddenly called a halt. You must know that at this critical moment, Bezos’s halt means that he does not support Harris and does not look favorably on Harris. This is relatively good news for Trump. The day before yesterday, Musk said at Trump’s rally that if he was held responsible, he could at least cut $2 trillion from the federal budget to reduce government spending. He said that a lot of the money spent by the government is wasted, and he advocated removing the burden of the government from ordinary people. Trump said that if he could be elected president, he would make Musk in debt. Government spending, and jokingly named this department DOCE, making fun of Musk's love for cryptocurrency, circled the key points, this is very good for the cryptocurrency circle, Lao Shan has said before that Trump and Harris have both publicly supported the cryptocurrency circle. Harris saw Trump support it first and then got a lot of votes, and Harris followed suit. Lao Shan said before that Trump's election would not suppress the cryptocurrency circle severely, but Harris might not. Now Trump's votes are higher than Harris's, and Trump directly took out the trump card, the economic card. This is what the United States needs now, and it is the most concerned issue for many voters. Trump promised to give priority to solving the problem of inflation and will take measures to solve the sluggish US economy. Harris can't do this because when the Biden administration was in power before, the economy fell into a downturn and many people went bankrupt. As a member of Biden's party, it is difficult for Harris to convince voters that she can handle the economic recession. The hole dug by the Biden administration is too big, and it cannot be filled even if it wants to.
Now let's talk about the market. Old Mountain mentioned this over the weekend: a pullback on the weekend and Monday, followed by a rebound starting Tuesday. The market is quite strong, and Bitcoin has also broken through the 70,000 mark today. Currently, Bitcoin is at $71,929, with key attention on the $72,500 mark above, and still focusing on the $70,000 level below, followed by $68,000. As for Ethereum, it's currently at $2,632, with key attention on the $2,700 mark above, and focusing on the $2,550 mark below. Ethereum hasn't shown its strength yet; once Bitcoin has its surge, it will be Ethereum's turn. Ethereum will lead the altcoins in the rebound. Since Bitcoin's position is quite high, I advise everyone not to blindly chase after it, be cautious of traps being laid. Ethereum will still have opportunities for a rebound, and the altcoins have also reversed today. Patience is key. Next, we need to see if Trump or Harris gets elected; this is crucial. If you're planning to invest, avoid Bitcoin, and look into Ethereum or altcoins instead. Bitcoin’s position is high; be wary of both long and short positions. Let's leave it at that.
Now let's talk about housing prices. According to recent news, Hong Kong's richest man, Li Ka-shing, is selling his Beijing property at a 76% discount. He has held the land for 23 years, and the housing price has exceeded 40 times the floor price back then. It's worth noting that Li Ka-shing always prepares in advance. As he said, he does not aim to earn the last penny. Housing prices are currently in a rebound period. Old Mountain has also mentioned before that since the central bank cut interest rates, consumer spending has reached a certain expectation. More and more people are investing in the stock market now, and consumer spending will continue to improve, gradually raising the social economy to a certain level. Old Mountain suddenly thought of something: a certain blogger spent 6 years in the primitive tribe, bringing the people back to China for live streaming. Many netizens joked that even wild people can't escape the capitalists' means to make money through live streaming. Wild people know how to work hard; why don’t you work hard? I am Old Mountain. Thank you for watching. Those who enjoy Old Mountain's articles can also follow Old Mountain.
