The trend of Bitcoin will be affected by the fluctuations of US stocks. The altcoin season is about to begin, and the market's attention to mainstream currencies will turn to meme coins.
Although U.S. stocks fell, the A-share index performed strongly at the daily limit.
The situation in the Middle East has triggered risk sentiment in the market, and the situation in the US presidential election has become particularly tense. The U.S. Dollar Index is showing significant gains on the weekly chart.
Pie and Ether have performed strongly over the past year, with Pie in particular rising 150% in 2023, further consolidating its position in the market.
With the approval of big-ticket spot ETFs, billions of dollars are pouring into the market every day, driving up prices.
Although the current market sentiment is affected by the global economic and political situation, including conflicts in the Middle East, I personally predict that as the US presidential election approaches, pie and ether are expected to rise again.
