After experiencing outflows of nearly US$700 million for three consecutive days before the election results came out, the Bitcoin spot ETF saw an inflow of another US$622 million yesterday as Trump made a comeback. It is conceivable that off-market funds will pour into the market at an even crazier pace in the foreseeable fourth quarter.
In the current market, I am sure that Bitcoin will reverse strongly with 72,000 points as support in the short term. Bitcoin's leading drive will become the initial driving force of this round of market, and the latecomers will follow closely. But before that, we should pay special attention to the potential leverage risk in the market. Yesterday, I said that when the market bullish indicators are repaired, the market will start a new round of main uptrend.
According to the current network data, the long liquidation of Bitcoin when it fell to 72,000 points was 2.27 billion US dollars, and the short liquidation of Bitcoin when it rose to 78,000 points was 2 billion US dollars. A huge amount of market fuel, a wave of more than 4,000 points of long and short consumption, is like a thousand-year-old ginseng for the future violent bull market. This crypto feast that can be expected always needs the leverage market to pay for us.
In terms of market conditions, Ethereum has been gaining momentum since yesterday. Judging from the strength, it will continue to increase in volume after the short-term linkage adjustment, which is expected to lead to a wave of counterattacks by copycats. Yesterday, the net inflow of Ethereum spot ETF was US$53.2 million, which is a short-term relative high point. It is expected that this data will eventually recover as the market recovers.
On the macro level, the Bank of England cut interest rates by 25 basis points today, which is in line with market expectations. The Federal Reserve will hold its November interest rate decision at 3 o'clock overnight. The market expects a 25 basis point interest rate cut. The final implementation will make the market transition smoothly after the US election and rise briefly. What we need to wait for is to move forward courageously after the leverage liquidation.
Yesterday, all three major U.S. stock indexes hit new highs, and Musk once again became the world's richest man. It turns out that donations are profitable! One day, I have to find a potential coin to donate some money to bet on expectations. Maybe the next 100-fold chip will come from the coin that randomly throws money.
The market of copycat stocks has not officially started yet, so you should have the confidence you need, but you should not make blind operations. The saddest thing in a bull market is to be the fuel of the market, and the most pitiful thing is to miss the market. Neither of them gets any benefit, but bears all the jokes of the market.
Regarding operations, I reduced my positions in DOGE and other high-yield coins after Trump won the election two days ago, and I plan to sell them all in the next two days. My personal operation is to increase my positions based on the previous altcoin chips, play the positions well, and then gradually reduce my positions as the altcoin market starts, and finally complete the transfer of chips in the sector.
There is nothing much to say about other aspects. Keep your confidence. High volatility in a bull market is normal. Next, every pullback will be the starting point for a new high.
BTC: The bottom leverage liquidation point of Bitcoin is around 72,000 points. If there is an opportunity, this position is the most suitable entry point at the moment. The short liquidation position for the upward market is around 78,000 points. In terms of trend, it is normal to reach which position first, but the most efficient trend to increase market fuel is to fall first and then rise, and the direct 4 billion US dollars of funds for pulling the market are in place! Of course, rationally speaking, there is basically no suspense about the implementation of the three-point interest rate cut overnight. We focus on Powell’s speech after the interest rate decision, which will release the short-term monetary policy of the Federal Reserve, and it is expected to produce huge short-term fluctuations. There is really nothing to say about the market of the big cake. It has already broken through, and the question is how to continue to reach new highs!
ETH: Ethereum’s daily line of 2700 points has officially stabilized. The bullish pattern is gradually being established. In terms of trend, the first high point of the bulls is 3200 points, and the support is 2700 points. I look forward to continued efforts.
Copycat: See you in the comments! The latest five-fold coin plan will be announced within 24 hours.
The Fear and Greed Index was 77 during the day.
Finally, stay away from leverage and stock up on spot goods! #DOGE看涨情绪飙升 #山寨季将至？ #美国大选后涨或跌？ $BTC
