I've really summarized this year's crypto world. Besides the big brother and a group of meme little brothers, it seems like everyone else is half-dead, right? Is the future of the crypto world going to be like this, so different from before? So let's not fantasize about how much we can multiply certain coins to break even. If you break even, who will lose money? [It's not that simple] Altcoins, besides memes, don't invest in anything else for the long term. There may be a few coins that multiply many times, but it will definitely not be the same as before! $BTC
Currently, most people are bullish, and during this time, one should be wary of the risk of a pullback; rational people are still in the minority! This is the charm of the cryptocurrency world. In the short term, let's see if Bitcoin can support around 69000; if not, it is very likely to be around 65! I don't have any big thoughts on Ethereum recently, just hold and wait! $BTC
The large pancake is just a little bit away from its new high, while Ethereum still has over 1000 points to return to its last high, there is still some distance to the new high, and further effort is needed! $ETH
There are 4 billion long orders liquidated at 64000. The election affects the short-term market. If Trump is elected and the interest rate is cut by 25 points, there is a high probability that there will be a shock callback route. If Trump is elected and the interest rate is cut by 50 points, then 80,000 is just around the corner! If Harris is elected and the interest rate is cut by 25 points, then the big one is coming, be prepared for 65 or less! If the interest rate is cut by 50 points, it will fluctuate around 70,000! So try to give up leverage as much as possible during this period! $BTC
Buy the initial position near ordi35, increase the position below 32, the 4-hour level has already broken through the resistance level, the next target is above 38.5!
Yesterday, Santos listed An'an's contract in the fan section, driving a strong rise in the overall fan token! There should be more contracts in the future, so Lazio, OG, Alpine, Porto, an ambush 2000U, waiting for Binance's announcement! [Not simple][Not simple]$LAZIO $OG $ALPINE
In this view, has there really been a breakthrough? Although the market is certainly looking good moving forward, those who missed out shouldn't be anxious. Last time it pulled back to around 65. If Bitcoin cannot break through the high again in time, there is a good chance it will continue to pull back, and it likely won't break 6.5!
The election is about to conclude, and Trump's chance of winning is high, so Bitcoin's trend should improve. If the election does conclude with Trump winning, Bitcoin will likely experience a pullback, which would be a positive outcome. After a period of pullback, it will likely start an upward trend again!
As for Ethereum, how should we put it? Recently, the online criticism has been overwhelming, targeting Ethereum and Vitalik. This can also be seen as one of the bottoms. Throughout its history, Ethereum has always been slow and then suddenly surged. As long as it is confirmed that Bitcoin can still rise, it seems like it’s just a matter of time before Ethereum starts to rise!
To summarize, Bitcoin's breakthrough today is a very good signal. Spot trading should continue to be held. If a pullback really does come later, as long as it doesn't break 6.5, it shouldn't be a big problem. After the U.S. election concludes until the transfer of power next year, there will be a period of vacuum, which is also a rare calm period. There should be a good market trend. Looking back at the election in 2020 until the transfer period, Bitcoin also showed a very good upward trend, hoping it can replicate that!
Today is Monday, a new week begins, and it's also the end of October! The Americans are about to have an election! Let's summarize and analyze briefly.
First of all, rumors are spreading that the Federal Reserve may 'pull off a rate cut' at the FOMC meeting in November, and the cryptocurrency market is getting excited. According to sources, it is said that the Federal Reserve may hold an FOMC meeting two days after the presidential election on November 7 to directly implement a rate cut, which would be a bold move. The PPI data for September was lower than expected, and the inflation crisis has temporarily eased, leading to a 97.7% probability of a 0.25% rate cut being 'imagined' by the market. Indeed, money flows where the wind blows.
Expectations of a rate cut have already triggered a price surge in the cryptocurrency market, and it seems that this game of long and short positions has just begun.
Speaking of the U.S. election, one cannot help but mention that the 2024 U.S. presidential election is the 'annual spectacle' for the global audience. Currently, the probability of Trump being elected exceeds that of Harris. However, until it is finalized, uncertainty still exists! That said, the outcome of the election is indeed a lever to pry the market. Future fiscal, trade, and even monetary policies may follow the new president's Versailles-style operations. Economic trends? That depends on whether this new star can hold the stage and come up with new tricks.
As planned, the voting day for the 2024 U.S. presidential election is set for November 5, which translates to noon on the 6th Beijing time, and we can roughly expect the results to be out. Whether it's Harris or Trump being elected, for Bitcoin, it’s all a short-term trend, and the impact will also be short-term!
Vitalik said that if no Ether is sold within a month, I definitely believe him, but what about a month ago? This wave of Ether has already shattered the mindset of 90% of holders! It will be very, very difficult to make up for it later! Although Sol can't shake the second position, when no one wants to hold Ether anymore, can we still call Vitalik, Vitalik? $ETH
Continuously bearish for several days, although there is a rebound, it feels like the depth of the pullback is still not enough, so don't rush to enter the market! $BTC $ETH
I hope those who didn't chase high during yesterday's rebound are not in a hurry to go long while the market is unstable. Chasing prices is difficult, and it's easy to lose money. Wait until the signals for challenges are clear before entering! $BTC
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大阿成qaq
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Bullish
Bitcoin and Ethereum both experienced a rapid pullback yesterday. I think this is a normal phenomenon, as I have been bearish this week, so a sudden drop is also normal! Bitcoin hit a low around 65222 yesterday, while Ethereum was around 2443, basically close to the target. I previously predicted that Bitcoin should pull back to around 65000, so we will see how strong the rebound is today. If the rebound isn't strong, it’s very likely that it will come down the same way it went up!
The first resistance for Bitcoin is around 68000, and the second resistance is 69500! If the price breaks through the first resistance, that would mean an increase in its fighting capacity. This can be set as the first target, and it's wise to take some profits first and maintain expectations for a rebound.
Although the possibility of testing 68K has increased, whether it breaks through still depends on the market. Currently, Bitcoin is still hovering within the range, so I suggest everyone not to rush, but to patiently wait below the range for an opportunity, and we’ll talk once it reaches 68000. $BTC
Treasury refinancing: Look at the Treasury financing plan at the end of the month, but don't expect too much, because the debt ceiling expires in January, and the fourth quarter is not expected to be too aggressive, and the market may breathe a sigh of relief in the short term.
Fed's "fine-tuning": There is a high probability of another 25 basis point rate cut in November, and the market may continue to adjust.
Election plot development: Trump wins + Republicans control Congress: Market fluctuations will be like a trampoline, policy implementation expectations are high, and yields may be difficult to rise again. Trump wins + split Congress: Policies are difficult to implement, yields may decline, and the market will perform better in the medium term. Harris wins + split Congress: The market will "restart" current expectations and readjust. $BTC
Bitcoin and Ethereum both experienced a rapid pullback yesterday. I think this is a normal phenomenon, as I have been bearish this week, so a sudden drop is also normal! Bitcoin hit a low around 65222 yesterday, while Ethereum was around 2443, basically close to the target. I previously predicted that Bitcoin should pull back to around 65000, so we will see how strong the rebound is today. If the rebound isn't strong, it’s very likely that it will come down the same way it went up!
The first resistance for Bitcoin is around 68000, and the second resistance is 69500! If the price breaks through the first resistance, that would mean an increase in its fighting capacity. This can be set as the first target, and it's wise to take some profits first and maintain expectations for a rebound.
Although the possibility of testing 68K has increased, whether it breaks through still depends on the market. Currently, Bitcoin is still hovering within the range, so I suggest everyone not to rush, but to patiently wait below the range for an opportunity, and we’ll talk once it reaches 68000. $BTC
Since this week, I've been emphasizing the callback, and this callback speed seems to have no rebound at all! $BTC
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大阿成qaq
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Although the price of Bitcoin has been rising like a rocket recently, I think we should still pay attention to the risk of a pullback under such circumstances, especially for those who don’t have bottom chips and those who got on the bus halfway. Although the bull market has started, you should know that the bull market does not rise every day. A healthy market is always accompanied by a pullback and shock!
At present, the entire macro market environment has indeed given Bitcoin a shot in the arm. The end of the US election and the Fed’s interest rate cuts and water releases are all good news for the market!
With more money and a loose market, of course some people dare to invest "real money" in high-risk assets such as Bitcoin. In China, the "big water release" is like a flood, and global funds are pouring in, bringing a new wave of "primordial power" to Bitcoin. The more such a situation is, the more we should pay attention to risks!
The US stock market is now "shaky" at a high level, and it takes time to digest funds, and the ability to attract money cannot catch up for a while. As for Hong Kong A shares, the valuation has just been repaired, and it will not absorb too much funds in the short term. In this way, money with nowhere to go will have a chance to flow into the crypto market, right?
Although all kinds of news and market economic environment are good news, don't let your guard down! The support of the big cake below is 66500-65000-62800! $$BTC