The trend of Bitcoin is still relatively strong. Yesterday, it fell back to 66666, which was also a retracement to the upward trend line. A wave of pull-ups in the early trading session once again stood above 68,000 points, and the highest reached 68,260. Ethereum fell back to 2575 yesterday. Ethereum focuses on the previous low point near 2530. As long as it stabilizes above, the altcoin should be able to stabilize. The key position below Bitcoin is still 64,500, so the current trend is still healthy!

All countries have also started a wave of interest rate cuts, so from a long-term perspective, the bull market is on the way. Don’t fall before dawn! Be patient and hold your positions!

The liquidity problem of small coins is actually a confidence problem. The two recent waves of the big coin have not been able to stand firm, which has caused everyone to be worried. The main force is afraid of making wedding clothes for others, and retail investors are afraid of losing money, so they all stop profit and stop loss.

Just like last October, small coins followed the big bitcoin breakthrough and soared. After all, the big bitcoin did not show a major upward trend, so the small coins naturally did not dare to move.

Although the current small coins have fallen for more than half a year, the liquidity is still good. The key is to see the performance of the big market. However, if there is no new liquidity, the room for growth will be compressed, and the market may rotate around and then disperse.

Therefore, whether small coins can be listed in the early stage depends on confidence; in the middle and late stages, it depends on whether they have strength and liquidity. In short, only when the big pie stands firm, the little brothers dare to move. Otherwise, it is still a question of confidence.

What do you think about the market in the future? A very critical driving signal!

The market has now broken through the previous high of 66,500, which is also a signal of breaking through the pressure level.

Some people are still bearish, while others are already confident about the 100,000 mark.

What do you think about the future market?

Just make contingency plans, preset possible scenarios, and do advance position management to respond.

Next, I personally expect more fluctuations, and now everyone knows it.

There is a key driving signal, which is that the results in the United States will be implemented around November 5th.

Jianguo is very friendly to our cryptocurrency circle. If he goes up, it will definitely be a big hit.

Therefore, the competition between the two sides will be very fierce before November, and the market will also fluctuate widely.

Don't be caught in a double explosion of long and short positions. Don't chase the spot market, the main rising wave will not rise all at once, and there will be many opportunities for squatting to pick us up.

Squat down and then go up, don't be anxious and afraid of missing out. After all, what if, I mean what if Harry goes up, that would be bad news, and a black swan would appear.

This requires you to have some cash prepared in advance. This is just my personal opinion and not an investment advice.

On the macro level, as the election approaches, we can see that Jianguo’s approval rating is already far ahead, which is the biggest positive for the currency circle. Bitcoin’s narrative in the fourth quarter needs to be supported by Jianguo’s victory, and now it seems basically stable.

In terms of U.S. stocks, the Nasdaq is very close to a new high, the S&P 500 has set a new high, and risk assets have performed well. With the start of the Federal Reserve's interest rate cut cycle, global liquidity conditions will get better and better, which is also an important basis for the rise of Bitcoin.

How many variables are there in the cryptocurrency circle now?

The first one is the king of the cryptocurrency circle. Zhao Changpeng has returned. He is the absolute main force in the cryptocurrency circle. Half of the trading volume comes from An An. If there is no bull market in the cryptocurrency circle, will An An still be able to open?

So even if there is no bull market, the main force will pull out a bull market to allow BTC's 4-year halving consensus to continue. Is this a combination of human and natural luck?

October begins with a carnival in all capital asset markets, known as the Halloween effect. The largest average increase in U.S. stocks over the past 50 years has occurred after Halloween. The reason is that people reduce travel and consumption in autumn and winter, and have more time and money to trade stocks and cryptocurrencies at home. At this time, the cryptocurrency market and U.S. stocks often perform amazingly.

After the interest rate cut, the whole world began to flood the market with money. Major economies such as the United States, China, Europe, Australia and Canada are all cutting interest rates or even stimulating the economy. There is more money in the market. This is the incremental funds that the cryptocurrency circle has long been eager for, and it is the best breeding ground for a bull market.

So the current bull market in the cryptocurrency circle can be said to be the right time, right place, and right people. All you need is patience. Hold on to your coins and make friends with time.

Some newcomers are too impatient and don’t have the right expectations. BTC will definitely double, but it won’t double in a few days. It may double in a year or even shorter. It rises and falls, occasionally bursts up, and occasionally crashes, while small coins will have a bigger increase.

So be patient and hold on to your potential coins. Hopefully you will still be there by this time next year.

At present, the market share of Bitcoin is indeed rising faster than in previous bull markets, showing a one-sided blood-sucking state. We can also make a comparison of this data. The current market share of Bitcoin is 58.92%.

If we look at the last corresponding 58.92% in history, it dates back to around April 5, 2021. We can see that the price at that time was exactly at the peak of 21 years, at about 60,000.

There is actually not much correlation between these two. It only proves that everyone likes big pie and big institutions like big pie.

However, historical experience also shows that the big-money season and the copycat season are alternating. After the big-money rise is completed, the next copycat season may not be far away.

(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)