Bitcoin has been performing really well recently! As the US election approaches, Bitcoin rose 5% in one day, soaring to 66K, and then had a high-diving pullback. It feels a bit like running in an election race, but this time it's the "election" in the cryptocurrency circle.

There hasn't been much substantive good news recently, so why is it still rising? The US election is definitely a trigger, but it's our big A-shares in China that really ignited market sentiment. A-shares rose 35% before National Day, attracting a lot of foreign capital to enter the market, but foreign capital may not have expected that they would become "leeks" this time. The bull market in A-shares seems to be weak, causing market sentiment to be slightly disappointed, and funds began to turn to cryptocurrencies. That's why Bitcoin can still rise 5% in one day even without too much news stimulation.

This trend is very similar to the Bitcoin market before the 2016 and 2020 elections. Maybe we can witness a new historical high! However, don't get too excited, after all, the market will not only rise all the way without falling. There is always a moment of respite in the market, and appropriate fluctuations can maintain a healthy trend. Next, we still need to stay calm, keep a close eye on key support and resistance levels, and don't rush for success in operations.

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